YEREVAN. - Armenia’s defense expenses in 2016 will constitute nearly 201,3 bln AMD in 2016 (approx. $418 mln) or 3,7% GDP, according to the Draft State Budget for 2016, the discussion on which ended in the parliament today.
Out of that amount, about 193,4 bln, 264 mln and 47,6 mln AMD have been allocated for military needs, humanitarian demining programs and maintenance of Armenia’s military representation in the OSCE respectively.
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