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BAKU: Azerbaijan To Raise Military Spending By Over 50 Per Cent - Pr

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  • BAKU: Azerbaijan To Raise Military Spending By Over 50 Per Cent - Pr

    AZERBAIJAN TO RAISE MILITARY SPENDING BY OVER 50 PER CENT - PRESIDENT

    Azertag
    April 14 2008
    Azerbaijan

    Azerbaijan is going to boost its military spending by over 50 per
    cent this year as the country is technically at war with neighbouring
    Armenia, the state-run news agency Azartac has quoted President Ilham
    Aliyev as saying.

    Speaking at a Cabinet meeting on 14 April, Aliyev said that the
    military spending would be increased from the current 1.3bn dollars
    to nearly 2bn dollars.

    "We should consider that we are at a state of war [with Armenia].

    Although [the current military budget of] 1.3 bn dollars is a large
    amount, I think and I am sure that we should increase it further,"
    Aliyev was quoted as saying. "Now calculations are under way. I think
    that this year's military spending should be close to 2bn dollars."
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