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–
