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Armenian defence minister vows to increase military budget in 2005

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  • Armenian defence minister vows to increase military budget in 2005

    Armenian defence minister vows to increase military budget in 2005

    Arminfo
    18 Nov 04

    YEREVAN

    It is necessary to increase budget allocations for the defence sphere
    in Armenia's draft budget for 2005 because the military budgets of
    Georgia and Azerbaijan are incomparably bigger, Mger Shakhgeldyan,
    chairman of the standing parliamentary commission on defence, national
    security and internal affairs, has told an Arminfo correspondent.

    In turn, Finance and Economy Minister Vardan Khachatryan promised to
    reconsider and increase the budget allocations for the defence sphere
    in the draft budget. Defence Minister Serzh Sarkisyan also pointed to
    the need to reconsider and increase the defence budget taking into
    account the growing world market prices and the need to increase
    servicemen's wages.

    The draft budget for 2005 envisages the allocation of 53.7bn drams
    [106.9m dollars] for the defence sphere.
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