YEREVAN, April 4. /ARKA/. Armenia’s general government debt is projected to rise from 53.6% at end-2019 to 59.2% of GDP in 2020 before falling back to 56.0% in 2021, upward revisions of 9.4pp and 7.4pp, respectively, since our last review, and well above the current 'BB' median of 46.5%, Fitch Ratings said in a report.

‘We assume some drawdown on central government deposits this year (by 0.8pp to 5.0% of GDP), use of budget support available under Armenia's IMF precautionary Stand-By Arrangement, and domestic debt issuances. A high share of government debt is foreign currency-denominated (79% versus the 'BB' median of 56%) giving rise to exchange rate risk,’ it said.

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Armenia’s total public debt on October 1, 2013 stood at $5.029.8 billion, according to the National Statistical Service (NSS)

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia’s total public debt on October 1 stood at $5.029.8 billion, an increase of 16.3 % from September- NSS.

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