Armenia revises defense budget, allocates $1.37B for 2024
- World
- Anadolu Agency
- Published Date: 01:01 | 23 January 2024
- Modified Date: 01:04 | 23 January 2024
The Armenian government has revised its defense budget and allocates 557 billion drams (approximately $1.37 billion) for 2024, the country's Defense Ministry said on Tuesday.
The ministry said in a brief statement that it will be 6% higher than the government's initial allocation for military needs announced in the budget in 2023.
In comparison to 2020, Armenian defense spending is expected to increase by 81% in 2024, accounting for more than 17% of the total state budget.
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