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Next year Armenia will continue increasing its military budget

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  • Next year Armenia will continue increasing its military budget

    Agency WPS
    DEFENSE and SECURITY (Russia)
    September 6, 2006 Wednesday

    NEXT YEAR ARMENIA WILL CONTINUE INCREASING ITS MILITARY BUDGET


    Serzh Sarkisyan, Defense Minister and Security Council Secretary of
    Armenia, announced that next year Armenia would continue increasing
    its military budget. Sarkisyan announced this during a visit to the
    military gymnasium named after Monte Melkonyan in Yerevan. Sarkisyan
    added that the military budget of Armenia would be increased
    simultaneously with growth of the GDP. According to him, the military
    budget will amount to 3.5% of the GDP of Armenia.

    Source: Nezavisimaya Gazeta, September 04, 2006, p. 6

    Translated by Pavel Pushkin
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