U.S. Administration plans to cut financial aid to Armenia

U.S. Administration plans to cut financial aid to Armenia
The U.S. Administration released its budget for Fiscal Year (FY) 2012, which provides an overall reduction in funding for the Europe, Eurasia and Central Asia account (AEECA) from $742 million in FY 2010 to $627 million for FY 2012, which includes an allocation of $40 million for Armenia. This allocation for Armenia represents a decrease of $1 million when compared to the FY 2011 level.

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