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Defence Spending Tops Armenia's 2004 Budget

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  • Defence Spending Tops Armenia's 2004 Budget

    DEFENCE SPENDING TOPS ARMENIA'S 2004 BUDGET

    Arminfo, Yerevan
    31 Jan 05


    YEREVAN

    The biggest portion of Armenia's budget expenditure in 2004 (2.8 per
    cent of the GDP) fell to defence, Arminfo has learnt from the Armenian
    National Statistics Service.

    According to the source, compared to 2003, defence spending grew by
    18.4 per cent and totalled 52,476m drams (106m dollars).

    (Passage omitted: education spending)
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