The US administration has introduced a new budget for the financial assistance to the countries of the South Caucasus in 2016.
The paper proposes cutting economic assistance to both Armenia and Azerbaijan, while maintaining parity in military aid to these two countries.
"The President's proposal of $18,360,000 in Economic Support Funds for Armenia in Fiscal Year (FY) 2016 would, if approved by Congress, represent a record low in such aid since Armenia's independence," ArmInfo writes.
The Executive Director of the Armenian National Committee of America, Aram Hamparian, is concerned about the Obama administration's intentions. If the budget is approved, the Economic Support Fund will provide $7,978,000 to Azerbaijan, $18.36 million to Armenia, $50,552,000 to Georgia.
Foreign Military Financing to both Armenia and Azerbaijan amounts to $1.7 million, Georgia is not funded. For international military education and training, Azerbaijan will receive $600,000, Armenia - $600,000, Georgia - $ 2.2 million.
