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Senate Appropriations Cmt Voted for $50 Million Assistance to ROA

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  • Senate Appropriations Cmt Voted for $50 Million Assistance to ROA

    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.
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