ARMENIAN DEFENCE EXPENDITURES GROW BY 22.4% IN 2007 AS COMPARED WITH 2006
YEREVAN, FEBRUARY 8, NOYAN TAPAN. Out of budgetary expenditures of 565
bln 854.9 mln drams (about 1 bln 654.2 mln USD), 95 bln 819.3 mln drams
was spent in the defence sector in 2007, which exceeds by 22.4% the
index of 2006. The ratio of defence expenditures to GDP increased from
2.9% in 2006 to 3.1% in 2007.
According to the RA National Statistical Service, in 2007 budgetary
expenditures on public order protection, national security and justice
made 51 bln 452 mln drams, exceeding by 28% the index of 2006. Their
ratio to GDP grew from 1.5% in 2006 to 1.6% in 2007.
Expenditures on education and science made 87 bln 355.2 mln drams
(23.8% growth on 2006), their ratio to GDP grew from 2.7% to 2.8%. 62
bln 285.1 mln drams was spent in the social insurance and social
security sector (17.4% growth), their ratio to GDP remained unchanged
and made 2%; 44 bln 942.2 mln drams was spent on health care (25%
growth), the ratio of these expenditures to GDP did not change and made
1.4%.
39 bln 418.9 mln drams was spent in transport, road and communication
sector in 2007 (29.2% growth on 2006). The ratio of these expenditures
to GDP grew from 1.1% in 2006 to 1.3% in 2007.
Disclaimer: This article was contributed and translated into English by Kamalian Hagop. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2008/02/10/defence-expenditures-grow-by-22-4-in-2007-as-compared-with-2006/