55.8 percent of capital expenditures to be directed to defense sector in 2025: Vahe Hovhannisyan

Armenia’s draft state budget for 2025 includes an allocation of AMD 664.7 billion (over $1.7 billion) for defense, Finance Minister Vahe Hovhannisyan announced during budget discussions in parliament.

"Of the capital expenditures, 55.8% will be directed towards defense, totaling AMD 664.7 billion, a 20% increase from the defense allocation in 2024," Hovhannisyan stated.

He added that defense spending will represent 6% of GDP, up by 0.7% compared to 2024. "This is the most substantial part of our budget, as we are channeling our resources to strengthen defense," he emphasized.