Armenia’s Pashinyan says necessary to invest extra $2.5 billion in army

Armenia’s Pashinyan says necessary to invest extra $2.5 billion in army

PanARMENIAN.Net - Acting Prime Minister Nikol Pashinyan told a Cabinet meeting on Thursday, December 13 that he prioritizes the enhancement of capabilities of the Armenian Armed Forces, maintaining that additional $2.5 billion is necessary to this end.

“We have said that we must be able to invest $2.5 billion into the development of the army in five years,” said Pashinyan, whose party won a landslide victory in the December 9 snap parliamentary elections.

“We need to make serious effort to find the additional resources.”

The acting PM also weighed in on the necessity to modernize the country’s military-industrial complex, the solution of which, he said, is connected with the government’s vision of turning Armenia into a technological and engineering country.

Under the budget for 2019, AMD 307 billion (more than $625 million) will be allocated to the Defense Ministry. From this sum, AMD 300.5 billion will be spent on military defense measures. The defense budget of 2018 had grown 17.6% against the previous year.

 Top stories
Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18.
Armenia has registered Covid-19-related deaths in 23 vaccinated individuals so far, according to Health Minister Anahit Avanesyan.
Poland has donated 201,640 doses of AstraZeneca vaccine to Armenia's Health Ministry, the Polish Embassy in Yerevan reveals.
Coronavirus infection rates are dropping in Armenia but the death rate remains high, Anahit Avanesyan has said.
Partner news