Home
Category
TV Live Menu
Loading data...

Armenia to Increase Defense Budget to $1.7 Billion in 2025

Armenia
Arshaluis Mgdesyan
26.09.24 14:45
120

On Thursday, September 26, the Armenian government presented its draft state budget for 2025 to the parliament, which includes a substantial increase in defense spending.

According to the document, the country’s defense budget for 2025 will exceed $1.7 billion (664 billion drams), which is a 20% increase compared to the current year.

This increase amounts to approximately $283 million (110.46 billion drams) compared to 2024, when around $1.42 billion (555 billion drams) was allocated for defense.

The Armenian Ministry of Defense plans to distribute these funds across five key areas. The majority of the budget will be allocated to the "Defense of the Republic of Armenia" program.

This program covers expenses for maintaining the armed forces, purchasing military equipment, vehicles, communication systems, as well as acquiring essential supplies, food, uniforms, and fuel.

Approximately $3.6 million will be allocated for medical care for military personnel. Military training and retraining, including education at foreign military institutions, will receive around $4.4 million in funding.

About $2.4 million will be directed towards international military cooperation, and the humanitarian demining program will receive approximately $823,000 in funding.

Subscribe to our news

Get the main news of the day