Time in Yerevan: 11:07:36,   21 November

Armenia to increase defense spending by 26-27 billion drams yearly


HANKAVAN, JULY 17, ARMENPRESS. The Armenian defense ministry’s 2017 budget spending, including capital expenditures, amount nearly 226 billion drams, finance minister Vardan Aramyan said at a press briefing in Hankavan, adding that it is planned to increase defense allocations by 26-27 billion drams yearly.

“It’s not the nominal indicator that is targeted, but rather the resources allocated to the defense sector: in the limits of GDP’s 4%. It is planned to have 500-600 million dollar defense budget by 2020”, he said.

 

 



Latest News

All news    




About agency

Address: Armenia, 22 Saryan Street, Yerevan, 0002, Armenpress
Tel.: +374 10 539818
E-mail: [email protected]
Яндекс.Метрика
Page Configuration