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ArmInfo. Starting from 2018, Armenia plans to increase defense expenditures by 26-27 billion AMD annually and make up 4% of GDP. Armenian Finance Minister Vardan Aramyan told journalists on July 16 during the discussions of the medium-term expenditure program of Republic of Armenia for 2018-2020.
According to the Minister, the given decision is due to the need to maintain a military balance. At the same time, Aramyan noted, the expenditures of the Defense Ministry, including capital ones, planned for 2017 are about 226 billion AMD (3.71% of GDP).
