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Armenia boosts spending on defence developments

30 May 2023 18:17

The state budget for defence development in Armenia in 2022 has been fully implemented.

It has been noted in the report on the implementation of the 2022 budget, the discussions on which are held in the parliament, Caliber.Az informs quoting Armenian media.

In total, 1 billion 168 million drams (approximately $3 million) were envisaged for these developments in 2022. During the year, this sum was increased to 2 billion 974 million drams ($7.6 million), which were spent in full.

It should be noted that in 2021, the situation was quite the opposite: initially, 2 billion 841 million drams ($7.3 million) were allocated, during the year they were reduced to 1 billion 274 million ($3.3 million), but even this reduced budget was under-implemented by almost 8%.

Caliber.Az
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