Armenia to increase defense spending by 20% in 2025
Reuters
Armenia is preparing to increase its defense budget substantially in 2025, with planned military spending expected to reach 664 billion drams (around $1.71 billion).
This marks a 20% rise over last year, Finance Minister Vahe Hovhannisyan announced during recent discussions on the draft state budget.
The expanded budget will represent 6% of Armenia's GDP, an increase of 0.7% from 2024.
Hovhannisyan noted that 55.8% of the capital budget expenditures will be dedicated to defense projects, underscoring the government’s focus on bolstering national security.
13:20
Biden: US ready to support durable peace between Azerbaijan and Armenia
US President Joseph Biden sent a letter to Azerbaijani President Ilham Aliyev
18:47
Foreign Ministers of Azerbaijan and Armenia meet in Istanbul
The parties continued the negotiations on the Agreement on Peace and Establishment of Interstate Relations
13:27
Armenia plans to buy Pralay missiles from India
Armenia is planning to acquire Pralay tactical ballistic missiles from India, these missiles are capable of maneuvering during the final phase of their flight
