U.S. SENATE COMMITTEE APPROVES $58MLN ALLOCATION TO ARMENIA AS FINANCIAL ASSISTANCE FOR 2007 FISCAL YEAR
ARKA News Agency, Armenia
July 3 2006
YEREVAN, July 3. /ARKA/. The U.S. Senate Committee on foreign
assignments approved Thursday allocation of $58mln to Armenia as
financial assistance for 2007 fiscal year.
Armenian Assembly of America told ARKA News Agency that this assistance
is $17mln smaller than that of 2006 fiscal tear.
Armenian Assembly of America expressed concern over the reduced
assistance and announced its intention to work with the U.S. Senate and
House of Representatives to ensure necessary resources for Armenia’s
security, prosperity and democratic development.
This assistance is very vital to Armenia, since the country is in
blockade from east and west, the Assembly Executive Director Bryan
Ardouny stressed.
Besides, the Senate’s Committee voted for $3.5-million parity
military assistance to Armenia and Azerbaijan. Both countries will
also receive $790 thousand each under international military education
and training program.
Another $5 million was approved as humanitarian assistance for Nagorno
Karabakh. This assistance is $5mln greater than that of 2006.
From: Emil Lazarian | Ararat NewsPress