YEREVAN, August 26. /ARKA/. The necessity of amending the law on Armenia’s state debt is being discussed now as part of the development of the government budget for 2017, and these changes are essential, Haykakan Zhamanak reports referring to its sources.

According to the newspaper, the current law specifies that if Armenia’s state debt exceeds 50% of GDP, the government ought to cut spending and deficit must not be more than 3% of GDP.
The country’s state debt has already come close to this ceiling and continues growing.

“The government wants to move the ceiling up to open room for accumulating new debts,” the report authors say. “Our debt already exceeds $5 billion, and no improvement prospects are seen in the economy.”

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenian government may move state debt-GDP ratio ceiling up to create room for new debts

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The share of loan debts of physical entities in credit portfolio of the Armenian banks in the third quarter of 2011 was 30.7%.

Categories: Banks @en, General news, News, News of the hour | Comments Off on The share of debt of individuals in credit portfolio of the Armenian banks in the third quarter was 30.7%

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The share of the loan debts of physical entities in credit portfolio of the banks in the second quarter of 2011 was 31.4%.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Debts of physical entities in credit portfolio of the banks in the 2nd quarter of 2011 was 31.4%

Tags: Armenia, Banks, Debts, Portfolio

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