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Armenia ups military spending

By M. Alkhazashvili
(Translated by Diana Dundua)
Monday, February 18
2007 Armenian state budget increases, totaling USD 1.7 billion, went largely to defense spending, the news agency Regnum reports.

As a percentage of GDP, defense spending increased from 2.9 percent in 2006 to 3.1 percent in 2007, according to the Armenian National Statistics Department.