ARMENIAN DEFENCE EXPENDITURES GROW BY 22.4% IN 2007 AS
COMPARED WITH 2006
08-02-2008 19:00:00 | Armenia | Economy
YEREVAN, FEBRUARY 8, NOYAN TAPAN. Out of budgetary
expenditures of 565 bln 854.9 mln drams (about 1 bln 654.2 mln
USD), 95 bln 819.3 mln drams was spent in the defence sector in
2007, which exceeds by 22.4% the index of 2006. The ratio of
defence expenditures to GDP increased from 2.9% in 2006 to 3.1%
in 2007.
According to the RA National Statistical Service, in 2007
budgetary expenditures on public order protection, national
security and justice made 51 bln 452 mln drams, exceeding by 28%
the index of 2006. Their ratio to GDP grew from 1.5% in 2006 to
1.6% in 2007.
Expenditures on education and science made 87 bln 355.2 mln
drams (23.8% growth on 2006), their ratio to GDP grew from 2.7%
to 2.8%. 62 bln 285.1 mln drams was spent in the social
insurance and social security sector (17.4% growth), their ratio
to GDP remained unchanged and made 2%; 44 bln 942.2 mln drams
was spent on health care (25% growth), the ratio of these
expenditures to GDP did not change and made 1.4%.
39 bln 418.9 mln drams was spent in transport, road and
communication sector in 2007 (29.2% growth on 2006). The ratio
of these expenditures to GDP grew from 1.1% in 2006 to 1.3% in
2007.