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Azerbaijan Cuts Military Spending By 10%

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  • Azerbaijan Cuts Military Spending By 10%

    AZERBAIJAN CUTS MILITARY SPENDING BY 10%

    ArmInfo
    2008-11-25 17:32:00

    ArmInfo. Azerbaijani Milli Majlis has approved the 2009 state budget
    in which defense and security spending is fixed at AZN 1 205.520 mln,
    which is by 10.3% lower than the index of 2008.

    As APA-Economics reports, of this AZN 1 115.948 million will go to
    defense forces, AZN 84.561 million to national security, AZN 2.633
    million to applied research and AZN 2.379 million to other expenses.

    In the category of Defense Expenditures, the year-over-year decline
    was 19% for defense forces, 12% for national security, 31% for other
    subcategories and 2% for applied research. In general, on November 25
    the Azerbaijani parliament approved the 2009 state budget. Revenues
    make up AZN 12 177 mln, expenditures - AZN 12 355 mln. These indices
    are by 16,1% and 11,7% respectively higher than those of 2008.
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