DEFENSE EXPENDITURE TO RISE IN LINE WITH GDP GROWTH IN ARMENIA
Panorama.am
15:30 06/11/06
Expenditures on defense will make up 3.5% of GDP annually, Serzh
Sargsyan, defense minister of Armenia told reporters today saying this
is an agreement reached with the Armenian government. In his words,
defense expenditures will grow in line with economy.
According to the draft state budget, defense expenditures will surpass
100.4 bln drams with 96.6 bln to military needs, 3.8 bln to other
costs, 26.9 mln on organization of alternative military service.
Sargsyan said 48% of expenditures will be used on salaries. He said
the average salary for officers will be 165,000 drams.
Speaking about increase in military expenditures of Azerbaijan,
Sargsyan said, “Of coarse, you cannot compare $1 bln with $300 million
but much can be accomplished even with that money if used purposefully
and efficiently.”
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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/2006/11/07/defense-expenditure-to-rise-in-line-with-gdp-growth-in-armenia/
