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Armenian military spending to increase in line with GDP - minister

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  • Armenian military spending to increase in line with GDP - minister

    Armenian military spending to increase in line with GDP - minister

    Mediamax news agency
    1 Sep 06

    Yerevan, 1 September: The Armenian military budget will be increasing
    in parallel with its GDP growth, Defence Minister Serzh Sarkisyan said
    in Yerevan today. Military spending will not be raised at the expense
    of financing other spheres, he said.

    The defence minister noted that Armenia's defence expenditure amounts
    to 3.5 per cent of its GDP, Mediamax reported. "It is obvious that the
    bigger the Armenian economy, the bigger the budget of our armed
    forces," Sarkisyan told journalists.

    "We do not have any desire to increase the military budget at the
    expense of the spending on education, science and culture," the
    defence minister noted.
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