YEREVAN, December 25 /ARKA/. Armenian government’s debt in 2019 will amount to $6.913 billion or 49.8% of GDP, by $465 million more than in the outgoing year, the Ministry of Finance said in the annual loan program for next year, published on its official website.

The government’s debt in 2018 is expected to make $6.448 billion (3.137 trillion drams) or 50.7% of GDP against $6.173 billion (2.988 trillion drams) or 53.7% of GDP in 2017.

The weighted average interest rate of the government’s debt in 2019 will be 5.2%, up from 4.9% in 2018. and 2017. The share of spending in 2019 to be channeled into paying off the debt (interest payments) is expected to grow by 18.7 billion drams.

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There are risks that further tightening of financial conditions or higher risk aversion may lead to higher financing costs for rolling over Armenia’s debt on foreign markets, Yulia Ustyugova, IMF Resident Representative in Armenia

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Armenian government’s aggregate external debt stood at $5.067.8 billion at the end of September, an increase of 5.5%, when compared to the beginning of the year, according to the numbers, released by the National Statistical Service (NSS)

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Armenia’s overall state debt at the end of May 2016 stood at $5.252.1 billion, an increase of 3.7 percent or $191.8 million from the beginning of the year, according to updated figures of the National Statistical Service (NSS), released today. In May alone the state debt increased by 0.35%, NSS said

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Armenia’s public debt remains sustainable, although risks are elevated, Hossein Samiei, the newly-appointed IMF Mission Chief to Armenia, said in an exclusive interview with ARKA News Agency

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Armenia’s total public debt at the end of November 2015 stood at $4.813.4 billion, a decrease of 0.3% or $13.5 million from the previous month, and 8.4% higher from the beginning of the year, the National Statistical Service (NSS) said

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Armenian Central Bank’s total external liabilities in late May 2015 stood at $620.7 million, having decreased by 1.9% from the previous month, according to the regulator’s monthly bulletin for May

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According to Armenia’s chief treasurer Atom Janjughazyan, Armenia is still a country with low debt burden

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Foreign debts of Armenia’s commercial banks and credit organizations totaled $1 157.6 million in late September after growing 1.5% over the third quarter, the Central Bank of Armenia reports in the latest issue of its bulletin

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The share of Armenia’s public debt in the overall 2015 GDP will be 42.2%, deputy finance minister Pavel Safaryan said today during an extraordinary session of the parliament

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