Armenia looking to increase defense research budget to $95 million

Armenia looking to increase defense research budget to $95 million

PanARMENIAN.Net - About AMD 4.6 billion (around $95 million) will be allocated to the scientific and technical budget in the field of defense, according to Armenia's draft budget for 2021.

In 2020, AMD 3․85 billion or $8 million were allocated to the field.

In recent years, defense research spending in Armenia has been growing steadily, increasing from AMD 1.65 billion ($3.3 million) in 2017.

Between 2008 and 2017, $2․5-3․5 million were spent in the field each year.

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