Azerbaijan's defense spending set to increase by 11%

Azerbaijan's defense spending set to increase by 11%

PanARMENIAN.Net - Azerbaijan's spending on defense and national security will increase by 11%, according to a fresh bill published by the country’s Ministry of Finance, Haqqin.az reports.

According to the document, spending on defense and national security will be increased from 6,421 million manats to 7,126.3 million manats (from $3.7 billion to around $4.2 billion).

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Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin.
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
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