DEFENCE EXPENDITURES OF ARMENIA GROW BY 11.2% IN<br /> JANUARY-OTOBER 2006 ON SAME PERIOD OF LAST YEAR<br />


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%).
  -   Economy