Armenia’s national debt to amount to $6.25 billion in late 2017

06.02.2017 17:41
Armenia’s national debt to amount to $6.25 billion in late 2017

YEREVAN, February 6. /ARKA/. In late 2017, Armenia's national debt will reach $6.250 billion, finance minister Vardan Aramyan told reporters today. He said this figure includes also the Central Bank’s debt, which is expected to be approximately $530 million by the end of the year. According to official data, in late December 2016 Armenia’s national debt stood at about $5.9 billion.

"Armenia’s domestic and external debts stand now at about $5.4 billion, accounting for 54% of GDP. The Central Bank's debt is worth about $503 million," - Aramyan said. According to him, in terms of debt burden, in 2016 Armenia was ranked as a country with low debt burden.

"We do not see major problems in servicing the national debt. In terms of all relative indicators Armenia is among the countries with low debt burden and according to all forecasts, we are not going to have any debt-related problems in the coming years,’ said Aramyan. -0--


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