Armenia’s domestic debt reached 233.3bln drams by end September

Economy

YEREVAN, December 4. /ARKA/. Armenia’s domestic debt has grown by 7.9% this year and reached 233.3bln drams by the end of September, Armenia’s National Statistical Service reported.

According to the preliminary information from the ministry of finance, 59.7% of the debt or 117.7bln drams were mid-term government treasury coupon bonds, part of which was repaid, and some 79.6bln drams (34.1%) were long-term government bonds.

Short-term government bonds were 12.6% of the domestic debt (about 29.4bln drams) and savings bonds accounted for 0.4% of the debt (871.7mln drams). Part of the domestic debt, 2.4% or about 5.7bln drams, were loans.

Armenia’s foreign debt exceeded $3740.8mln by the end of September, an increase of 4.8% (or $172.6mln) as compared with the beginning of the year. ($1=405.92drams).–0–

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