BAKU: Armenia’s Military Budget Sufficient For Ensuring Country’s De

ARMENIA’S MILITARY BUDGET SUFFICIENT FOR ENSURING COUNTRY’S DEFENSE

TREND, Azerbaijan
Nov 7 2006

(ARKA) Armenia’s military budget is sufficient for making the country’s
armed forces strong, Armenian Defense Minister Serge Sargsyan told
journalists on Monday after presenting draft state budget for 2007
to lawmakers.

He said that Azerbaijan’s $1-billion military budget can’t be compared
with Armenian $300 million, but this amount will be enough if spent
reasonably.

The minister also said that greater budget spending is planned for
military purposed, just like for other sector’s needs, reports Trend.

In his words, military expenditures will make 3.5% of GDP every year.

"That’s why the faster economic growth is the greater are expenses
for defense", Sargsyan said.

He said some 48% of the amount will be earmarked for salaries and
similar expenses. Armenian officers’ salaries are planned to reach
AMD 165 thousand (about $435) in 2007.

Sargsyan also said that Armenia intends to acquire new kinds of
armament and ammunition.

The 2007 state budget envisages AMD 100.4 billion (about $263 million)
for defense.

From: Emil Lazarian | Ararat NewsPress

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS