Armenia’s sovereign debt stands at $4.37 bln in 2012: Finance Ministry

24.12.2012 18:35
Armenia’s sovereign debt stands at $4.37 bln in 2012: Finance Ministry

YEREVAN, December 24. /ARKA/. Armenia’s sovereign debt stands at $4 billion 374.9 million in 2012, Finance Minister Vache Gabrielyan said at a press conference on Monday.

The government debt will account for $3 billion 780 million versus $3 billion 511 million in 2011.
Foreign debt will stand at $3 billion 159 million against 2 billion 950 million last year.

“Foreign debt/ GDP ratio was 30.1% last year, and this year it hit 31.1%”, he said adding that in 2013 this figure is not expected to change.

According to the National Statistical Service of Armenia, the sovereign debt rose by 4.8% from early this year ( or by $172.6 million) to over $3,740.8 million as of late September, and domestic debt accounted for 233.3 billion drams, which was 7.9% higher from December 30, 2011. ($1 – 404.75 drams).—0-


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