Armenia’s defence sector has been allocated $386m in the 2011 draft budget, equivalent to a 3.5% increase from 2010 spending.
A total of $373m is intended for military necessities, while $12.2m has been provided for other expenditures, according to NEWS.am.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Armenian Defence Minister Seyran Ohanyan said the defence sector needed more financing than allocated, but will look for off-budget funds with assistance from partner states.
The joint efforts put up by the defence and finance ministries managed to pull in maximum financing for the defence sector.
