// IP Marketing video - START// IP Marketing video - END

Armenia military budget to dramatically increase in 2018

Armenia military budget to dramatically increase in 2018

PanARMENIAN.Net - Finance minister Vardan Aramyan unveiled Armenia's draft budget for 2018 at a cabinet session on Thursday, September 28.

According to the document, defense expenses will amount to AMD246․8 billion next year, up from this year's AMD209,8 billion.

The expenditures will thus grow 17.6% in 2018 to amount to some $518 millionat current exchange rates.

The country's military budget had risen from AMD 208 billion in 2016 to AMD209.8 billion in 2017.

 Top stories
The $55 million deal is part of Chaarat’s intention of becoming a major regional player, with an annual production of 1 million ounces.
According to the Fund, the country's economy will grow by 4.8% in 2019 instead of the 3.5% forecasted earlier.
Ghalbourjian Group, in particular, aims to start production of vegetable oil and other additives.
The first meeting of the European Union-Armenia Partnership Committee in Trade configuration under the CEPA.
Partner news