DEFENCE EXPENDITURES OF ARMENIA INCREASE BY 30.6% IN<br /> JANUARY-OCTOBER 2007 ON SAME PERIOD OF 2006 <br />


DEFENCE EXPENDITURES OF ARMENIA INCREASE BY 30.6% IN
JANUARY-OCTOBER 2007 ON SAME PERIOD OF 2006

  • 11-12-2007 20:00:00   | Armenia  |  Economy
YEREVAN, DECEMBER 11, NOYAN TAPAN. Out of the budgetary expenditures of 437 bln 806.4 mln drams (over 1 bln 256.6 mln USD) in January-October 2007, expenditures in the defence sphere amounted to 79 bln 769 mln drams, increasing by 30.6% as compared with the same period of last year. The ratio of defence expenditures to GDP grew from 3% in the first ten months of 2006 to 3.3% in the same period of this year. According to the RA National Statistical Service, budgetary expenditures on public order protection, national security and justice system made 36 bln 63.8 mln drams, exceeding by 19.5% the index of the same period of last year. Their ratio to GDP did not change as compared with the first ten months of 2006 and made 1.5%. Expenditures on education and science made 69 bln 714.3 mln drams (22.7% growth on January-October 2006), while their ratio to GDP grew from 2.8% to 2.9%. Expenditures on social insurance and social security made 51 bln 74.9 mln drams (19.2% growth), their ratio to GDP remained unchanged - 2.1%. Expenditures on health care amounted to 33 bln 726.6 mln drams (24.3% growth), their ratio to GDP grew from 1.3% in January-October 2006 to 1.4% in the same period of this year. 32 bln 655.6 mln drams was spent in the transport, roads and communication sector in January-October 2007, these expenditures increased by 30.5% as compared with the same months of last year. Their ratio to GDP grew from 1.2% in January-October 2006 to 1.4% in the same period of 2007.
  -   Economy