PanARMENIAN.Net
Senate Appropriations Committee Voted for $50 Million Assistance to Armenia
30.06.2006 15:31 GMT+04:00
/PanARMENIAN.Net/ The full Senate Appropriations Committee today voted
to render $50 million economic assistance to the Republic of Armenia
in the Fiscal Year (FY) 2007, reported the Armenian Assembly of
Armenia.
In contrast, the House approved bill for FY 2007 provides $62 million
in FSA.
In a positive development, initial reports indicate that the Senate
Appropriations Committee reinstated military aid parity between
Armenia and Azerbaijan for FY 2007. The legislation, which allocates
$3.5 million in military financing to both countries, signals that
Azerbaijan’s continued war rhetoric is not welcome and is in fact
counterproductive.
The Senate Appropriations Committee also requested $5 million in
humanitarian and relief assistance to Nagorno Karabakh.
The next step in the legislative process is for the full Senate to
consider the bill after which, the House and Senate will reconcile the
differences in a conference committee.