Azerbaijan’s military spending is to exceed this year $4.397 bn on the expected average exchange rate (AZN 0.79 to the US dollar).
President Ilham Aliyev stated at yesterday’s government meeting that in 2012 costs relating to military matters were going to amount to AZN 3.47 bn against AZN 3.4 bn in 2011. The country’s leader also noted that the military & industrial complex (MIC) produces about 600 samples of defense products.
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