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      Armenia to increase military spending 
    
    1 October 2024
    The Armenian government plans to increase military spending by about 20 per cent, equivalent to 110 billion drams (about $286 million). According to the proposed state budget for 2025, the Ministry of Defence will receive 664.6 billion drams (about $1.7 billion). Military expert Leonid Nersisyan, a researcher at the Armenian analytical centre APRI, describes this defence spending as unprecedented. However, he points out that despite the increased budget, Yerevan still lags far behind Baku in terms of military spending. Military spending remains lower than social spending in the state budget. Although the gap in military spending between Armenia and Azerbaijan is narrowing, with Armenia now trailing by a factor of two instead of five or six as it did in 2013, the difference remains significant.