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.