Sun, 26 October
13.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Armenian Finance Minister sees no difficulties in repayment of Armenia’s state debt in 2013

YEREVAN, October 18. / ARKA /. Armenian Finance Minister Vache Gabrielyan said today there will be no difficulties in repayment of Armenia’s state debt in 2013.

He said Armenia will pay $418 to 420 million of its state debt, of which $220 million will be paid by the government.

Answering ARKA News Agency’s question, he ruled out any failure. “There are necessary funds in reserves,” he said adding that the government will take this money from the budget without cutting other expenses.

Earlier, Armenian Treasury Secretary Atom Janjughazyan said that Armenia’s foreign debt made up 46% of GDP in late August.

According to the finance ministry’s data, the country’s state debt totaled $4 billion 252 million in late July 2012. The foreign debt amounted to $3 billion 708 million, of which the government’s liabilities totaled $3 billion 100 million and the central bank’s liabilities $608 million.

In 2011, Armenia’s foreign debt amounted to $3 billion 568 million (36.1% of GDP). -0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img