Thursday, October 20 2022 15:09
Naira Badalian

Additional $86 million to be provided to RA MoD 

Additional $86 million to be provided to RA MoD 

ArmInfo.An additional 86 million dollars will be provided to the RA Ministry of Defense   (about $86 million at the current exchange rate).

As stated in the explanation to the decision of the Cabinet of  Ministers of October 20, funding will be directed under the article  "Construction of buildings and structures".

It should be noted that according to the draft budget for 2023,  defense spending will increase by 47.2% or by 160.7 billion drams -  up to 501 billion 285 million drams (at the current exchange rate  about $1.22 billion).