Armenia’s State Budget Deficit Hits 2% of GDP, State Debt Rises to 48.1%: National Assembly Reveals
Armenia’s 2023 state budget deficit reaches 2% of GDP, with state debt accounting for 48.1% of GDP, according to the National Assembly. Minister of Finance Vahagn Hovhannisyan reports positive economic growth and additional revenues. More on NEWS.am.
Germany Commits to 2% GDP Contribution to NATO Security Efforts, Announces Long-Term Military Funding Plan
Germany commits to contribute 2% of GDP to NATO’s security by 2024, emphasizing the need for a strong military capability and long-term funding. The country aims to reach the 2% target for defense spending for the first time in three decades, recognizing the importance of sustained investment in light of evolving geopolitical security conditions.