Some 557 billion drams or 17% of budget spending earmarked for defense sector in 2024

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22.01.2024, 16:38

The Armenian government has earmarked about AMD 557 billion for the defense sector for 2024, which is 6% more than the amount that was envisioned by the revised 2023 budget, the Ministry of Finance reported.

Some 557 billion drams or 17% of budget spending earmarked for defense sector in 2024

YEREVAN, January 22. /ARKA/. The Armenian government has earmarked about AMD 557 billion for the defense sector for 2024, which is 6% more than the amount that was envisioned by the revised 2023 budget, the Ministry of Finance reported.

"Compared to 2020, defense spending in 2024 is to increase by 81%. In 2024, more than 17% of the budget expenditures will be allocated to the defense sector," the ministry said in a Fcebook statement. ($1 - AMD 405.15) -0-

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