Armenia Plans $2.5 Billion Defense Boost Over Next Five Years
Ami Rojkes Dombe
| 18/12/2018
https://www.facebook.com/nikol.pashinyan/photos/a.1895098537477199/2185645025089214/?type=3&theater
The Armenian government is planning around $2.5 billion worth of additional defense spending over the next five years, Prime Minister Nikol Pashinian announced last week.
Strengthening Armenia’s armed forces will be one of the government’s chief priorities, Pashinian said at the first cabinet meeting held since his party won the December 9 parliamentary elections.
“Over the next five years we must be able to invest around $2.5 billion in the development of the armed forces,” he told ministers. “We must work very hard towards raising that sum. I’m talking about additional funding, a part of which should be spent on improving the economic plight of military personnel.”
The 2019 budget calls for a 25 percent rise in military spending which would total 309 billion drams ($638 million). The Armenian defense budget is projected to increase by 18 percent this year, reflecting a continuing arms race with Azerbaijan.
[Source: Massis Post]
https://www.facebook.com/nikol.pashinyan/photos/a.1895098537477199/2185645025089214/?type=3&theater
The Armenian government is planning around $2.5 billion worth of additional defense spending over the next five years, Prime Minister Nikol Pashinian announced last week.
Strengthening Armenia’s armed forces will be one of the government’s chief priorities, Pashinian said at the first cabinet meeting held since his party won the December 9 parliamentary elections.
“Over the next five years we must be able to invest around $2.5 billion in the development of the armed forces,” he told ministers. “We must work very hard towards raising that sum. I’m talking about additional funding, a part of which should be spent on improving the economic plight of military personnel.”
The 2019 budget calls for a 25 percent rise in military spending which would total 309 billion drams ($638 million). The Armenian defense budget is projected to increase by 18 percent this year, reflecting a continuing arms race with Azerbaijan.
[Source: Massis Post]
