Armenia revises defense budget, allocates $1.37B for 2024

Armenia revises defense budget, allocates $1.37B for 2024

In comparison to 2020, the country's defense spending expected to go up by 81% in 2024, accounting for over 17% of total state budget

By Elena Teslova

MOSCOW (AA) – 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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