We did not want to talk about this topic before; why do we want to talk about it now? Because now peace has been established; we can talk. Armenia's Prime Minister Nikol Pashinyan stated this during his concluding speech at the National Assembly debates on the 2026 State Budget draft of Armenia and regarding military expenditures.
“The entire increase in Armenia’s public debt from 2018 to 2024 or 2025 has been connected with the defense sector; there have been $4.4 billion in capital expenditures in that sector. Haven’t they seen that number? How could they not have seen it?
The next direction in which the public debt of Armenia increased is related to expenses for Karabakh refugees and unplanned functions connected with Karabakh. There is no other story behind this and simply does not exist,” Pashinyan added.
According to the Prime Minister, economic indicators are of course important, but they are not the most important - what matters most is bringing Armenia out of the trap and the dead end.
“We have brought Armenia to a place where prospects have opened for the country in all directions, and the people of Armenia, through their sovereign will, can decide which path to take and what vision of development to adopt,” he emphasized.
