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Economist: public debt growth is not critical

26.02.2016 17:38

Economist: public debt growth is not critical

YEREVAN, February 26. /ARKA/. If the ratio of Armenia's public debt to GDP exceeds 50%, it will not become critically dangerous, economist Vardan Bostanjyan told a news conference today.

The ratio of Armenia’s public debt to GDP in 2015 reached 47.8% from 43.6% in 2014. The 2016 budget expects the country's public debt to make 49.4% of GDP. The ratio of external debt to GDP in 2016 will amount to 42.8% from 42.3% in 2015.

According to Bostanjyan, the danger does not lie in the amount of external debt- it is in how effective the borrowed funds are utilized.

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