Armenia’s public debt surges by $61 million in one month- NSS

07.09.2017 14:35
Armenia’s public debt surges by $61 million in one month- NSS

YEREVAN, September 7. /ARKA/. Armenia’s collective public debt surged by another $60 million in July to over $6.2 billion, the National Statistical Service (NSS) reported. According to official numbers, the country’s external debt amounted to $4.985 billion, having increased by $42.7 million in one month.

About $4.417.5 billion of the external debt was owed by the Armenian government (an increase of $35.1 million), and another $567.4 million were owed by the Central Bank (an increase of $7.6 million).

Armenia's domestic debt at the end of July stood at $1.216.6 billion, an increase of $18 million. Some $1.081.9 billion were owed to resident holders of government bonds, $125.6 million were owed to holders of government bonds in foreign currency and $9 million were owed as government guarantees.

The government expects that by yearend the overall public debt will amount to $6.245 billion, up from $5.849 billion in late 2016. -0-


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