DEFENCE EXPENDITURES OF ARMENIA GROW BY 11.2% IN
JANUARY-OTOBER 2006 ON SAME PERIOD OF LAST YEAR
13-12-2006 16:00:00 | Armenia | Economy
YEREVAN, DECEMBER 13, NOYAN TAPAN. In January-October 2006,
the budgetary expenditures of the RA made 354 bln 442 mln drams
(about 833.5 mln USD), growing by 18% on the same period of last
year. The ratio of these expenditures to GDP made 17.4% against
17.5% in January-October 2005.
According to the RA National Statistical Service, in the
first ten months of this year the defence expenditures of
Armenia amounted to 61 bln 97.4 mln drams (a 11.2% growth on the
same period of last year, the ratio of these expenditures to GDP
- 3% against 3.2% in January-October 2005). Expenditures on
keeping public order, national security and judicial system made
30 bln 172.5 mln drams (26.7% growth, the ratio of these
expenditures to GDP made 1.5% against 1.4% in the same months of
last year). Expenditures on education and science amounted to
56 bln 815 mln drams (24.6% growth, their ratio to GDP - 2.8%
against 2.7%), health care expenditures made 27 bln 136.7 mln
drams (23.1% growth, ratio of these expenditures to GDP remained
at the same level - 1.3%), and social insurance and social
security expenditures - 42 bln 832.7 mln drams (20.4% growth,
their ratio to GDP remained the same - 2.1%).