12.10.2016 19:05
YEREVAN, October 12. /ARKA/. Armenia’s overall public debt at the end of September 2016 stood at $5.6 billion, having increased by 2.2% from the previous month, Arshaluys Margaryan, the head of a ministry of finance department in charge of pubic debt, said to ARKA. Of that amount $5 billion is owed by the government. It increased over the month by 4.9% or $240.4 million.
According to Margaryan, Armenia is still among the countries with the lowest debt burden. To substantiate, he cited several indicators, which are used by supervisory authorities to assess the debt risk. One of them is the current debt, which is set by many countries at 12%. For Armenia, this is a benchmark indicator set at 15%, Margaryan said.
According to the Ministry of Finance, 73.7% of the government debt is long-term liabilities, 22.5% is mid-term liabilities and 3.8% is short term liabilities.
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