In 2019 the government allocated an additional 1 billion drams for military industry at the expense of savings, and in 2020 it is planned to double the allocation, Minister for High Tech Industry Hakob Arshakyan told a news conference.
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He said the government allocated 984 million drams for “new developments and projects” in the military-industrial complex in 2019. This amount was spent from redistribution at the expense of savings.
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“This was two months ago, and during this period we have already realized this amount. In 2020, the amount allocated to the military-industrial complex will nearly double,” he said.
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So far the military-industrial funding was implemented for scientific-research, prototype development works, but the 2020 budget also includes capital spending clauses, which means that the existing capacity of the complex will be enhanced and capital investments will be made.
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H/T ArmenPress
Armenia To Double Military Industry Spending Next Year.
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