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Defence Expenditures Increase by 25.1% in January-September 2007 YoY

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  • Defence Expenditures Increase by 25.1% in January-September 2007 YoY

    ARMENIA'S DEFENCE EXPENDITURES INCREASE BY 25.1% IN JANUARY-SEPTEMBER
    2007 ON SAME PERIOD OF LAST YEAR

    YEREVAN, NOVEMBER 3, NOYAN TAPAN. Out of budgetary expenditures of 379
    bln 862.7 mln drams (about 1 bln 84 mln USD) in January-September 2007,
    expenditures in the defence sector amounted to 67 bln 493.3 mln drams,
    which exceeds by 25.1% the index of the same period of last year. The
    ratio of defence expenditures to Armenia's GDP made 3.3% in the first
    nine months of 2007 against 3.1% in the same petiod of last year.

    According to the RA National Statsitical Service, budgetary
    expenditures on public order protection, national security and judicial
    system made 31 bln 24.1 mln drams in January-September 2007, exceeding
    by 15.9% the index of the same period of last year. Their ratio to GDP
    made 1.5% against 1,6% in the same months of last year.

    Expenditures in education and science spheres amounted to 62 bln 38 mln
    drams (19.7% growth on January-September of last year), their ratio to
    GDP increased from 3% to 3.1%. 45 bln 419.9 mln drams was spent on
    social security and social insurance (20.2% growth), their ratio to GDP
    increased from 2.2% to 2.3%. Expenditures in health care sector made 29
    bln 326.3 mln drams (23.8% growth), their ratio to GDP grew from 1.4%
    in January-September 2006 to 1.5% in the same months of 2007.

    28 bln 690.8 mln drams was spent in transport, road and communication
    sectors in January-September 2007 (25.8% growth), while the ratio of
    these expenditures to GDP declined from 1.5% in January-September 2006
    to 1.4% in the same petiod of this year.
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