Armenia Allocates 150b Drams To Military Spending

ARMENIA ALLOCATES 150B DRAMS TO MILITARY SPENDING

Tert.am
01.11.11

Armenia’s 2012 budget allocates 150 billion Armenian drams for military
spending which is 5.6% more than it was in 2011.

The figures were unveiled on Tuesday before the National Assembly
discussed behind closed doors the issue of appropriations for the
military sector in 2012.

The new military budget makes 3.5% of the country’s gross domestic
product.

Speaking to reporters at the parliament Armenia’s Defense Minister
Seyran Ohanyan said the ministry is planning to spend the additional
funds first of all for structural changes and recruitment.

“The funds will also be used for the implementation of the arms and
military equipment program aimed at both modernization and recruitment
problems,” said Ohanyan.

He also said that third direction where those funds will be used is
the use and preservation of the newly-obtained systems and equipment.

“The added funds are to some extent also related to inflation,”
Ohanyan explained.

No pay rise is planned in the defense system, Seyran Ohanyan added.

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