DECREASE OF DEFENSE EXPENSES BY 22% IS PLANNED IN THE DRAFT BUDGET OF ARMENIA
WPS Agency
DEFENSE and SECURITY (Russia)
November 6, 2009 Friday
Russia
The draft state budget of Armenia makes provisions for reduction of the
money allocated for defense. The country plans to allocate 22% less for
defense than in 2009. Thus, whereas in 2009 defense expenses amounted
to 149 billion drams ($1 is equivalent to 383 Armenian drums), in
2010 the government planned to allocate 116 billion drums for defense.