Armenia to allocate over $1.7 billion for defense in 2025- Finance Minister

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YEREVAN, October 28. /ARKA/. Armenia’s draft state budget for 2025 includes an allocation of 664.7 billion drams (over $1.7 billion) for defense, Finance Minister Vahe Hovhannisyan announced during budget discussions in parliament./pp

Of the capital expenditures, 55.8% will be directed towards defense, totaling 664.7 billion drams, a 20% increase from the defense allocation in 2024, Hovhannisyan stated./pp

He added that defense spending will represent 6% of GDP, up by 0.7% compared to 2024. This is the most substantial part of our budget, as we are channeling our resources to strengthen defense, he emphasized./pp

About the 2025 State Budget/pp

The Armenian government’s draft budget for 2025, approved in late September 2024, projects revenues of 2.873 trillion drams, expenditures of 3.482 trillion drams, and a deficit of 609 billion drams. The budget also anticipates 5.6% economic growth, 3.5% average inflation, and a government debt-to-GDP ratio of 53.5%. (Exchange rate: $1 = 387.25 drams). -0-/p brp/p