US AID TO ARMENIA MAY MAKE $75 MILLION IN 2006

Pan Armenian News
30.06.2005 05:56

/PanARMENIAN.Net/ The Senate State, Foreign Operations Appropriations
Subcommittee today approved $75 million in assistance to Armenia
for Fiscal Year (FY) 2006 – an increase of $20 million over the
Administration’s request and nearly $8 million more than the House
request, reported the Armenian Assembly of America. In addition, the
overall funding level for the former Soviet states was increased to
$565 million, up from the Administration’s request of $482 million
and the House allocation of $477 million. Today’s action also
allocated $5 million in Foreign Military Financing and $750,000
for International Military Education and Training to Armenia as
requested by the Administration. Armenia’s neighbors, Georgia and
Azerbaijan, are slated to receive $70.5 million and $38 million
respectively. The spending measure will be considered later this
week by full Senate Appropriations Committee. It should be noted that
the House bill provides $67.5 million for Armenia and an additional
$5 million for Nagorno Karabakh and maintains military assistance
parity between Armenia and Azerbaijan with $5.75 million allocated
to each country. Once the Senate completes action on their version
of the bill, a joint House-Senate Conference Committee will reconcile
the differences.

From: Emil Lazarian | Ararat NewsPress