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Defense Expenditure To Rise In Line With GDP Growth In Armenia

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  • Defense Expenditure To Rise In Line With GDP Growth In Armenia

    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
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