DEFENCE EXPENDITURES OF RA DECLINE BY 12.7% IN JANUARY 2007 ON SAME MONTH OF LAST YEAR

Noyan Tapan
Mar 13 2007

YEREVAN, MARCH 13, NOYAN TAPAN. In January 2007, the RA budgetary
expenditures made 18 bln 595.1 mln drams (over 51 mln 126 thousand
USD), increasing by 8.4% on the same month of 2006. The ratio of
these expenditures to GDP made 23.6% in January 2006 against 22%
in January 2007. According to the RA National Statistical Service,
defence expenditures of Armenia amounted to 4 bln 335.2 mln drams
in January 2007, declining by 12.7% on the same month of last year,
while the ratio of these expenditures to GDP made 6.8% in January
2006 against 5.1% in January 2007. Expenditures on keeping the
public order, and on national security and judicial systems made 1
bln 482.2 mln drams (6.3% growth, 1.9% agianst 1.8%), expenditures
on education and science – 1 bln 25.3 mln drams (119.3%, 0.6% against
1.2%), health care expenditures – 208 mln drams (1,407.2% growth, 0%
against 0.2%), expenditures on social insurance and social security –
4 bln 137.1 mln drams (14.2% growth, 5% against 4.9%).