Armenia to increase defense budget by halfSeptember 29, 2022 - 15:26 AMT PanARMENIAN.Net - Lawmaker from the ruling Civil Contract party Babken Tunyan has said that Armenia's defense budget will increase "significantly", and surpass $1 billion in 2023. "According to the draft budget for 2023, AMD 708.6 billion (some $1.75 billion) will be allocated to the field of defense, public order, security and the judiciary, against the AMD 518.6 billion (some $1.28 billion) in 2021. "Allocations have increased by AMD 190 billion or 37%," Tunyan said on social media on Thursday, September 29. The MP also noted that the additional funding will mainly go to the defense field, as well as to ensuring public order and national security. "More specifically, the defense budget for 2023 alone will increase by 47.2% or AMD 160.7 billion. As a result, the defense budget of the Republic of Armenia will amount to AMD 501 billion 285 million (1.2 billion) in 2023. Top stories David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. Partner news | Ruling MP accuses opposition of “serving other countries' interests” Khachatur Sukiasyan has accused Armenia’s opposition of serving the interests of other countries Heads of Armenian, Ukrainian parliaments hold virtual talks Alen Simonyan and Ruslan Stefanchuk held talks via video conference on Tuesday, May 21. Pashinyan travels to Iran to pay tribute to Raisi, others Prime Minister Nikol Pashinyan has left for the Islamic Republic of Iran on a working visit. Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. |