In 2024, Armenia’s defense budget will increase by 125% or AMD 309 billion compared to 2018, head of the ACSES analytical center, economist Haykaz Fanyan said in an interview with the Public TV on Monday, November 6.
According to him, the increase in the budget was facilitated by the economic growth of recent years, as well as improvements in administration.
Finance minister Vahe Hovhannisyan told a Cabinet meeting in late September that defense spending for 2024 was expected to grow 7,3% year-on-year.
