YEREVAN, December 15. / ARKA. The share of Armenia’s public debt in the overall 2015 GDP will be 42.2%, deputy finance minister Pavel Safaryan said today during an extraordinary session of the parliament.
He said the 2015 GDP is estimated to be 4.5 trillion drams. According to Safaryan, the share of the state debt in the overall GDP in 2015 will be 0.6 percent higher from late 2014. According to him,
Armenia’s state debt is within the Maastricht criteria, which set the tolerable upper limit of public debt to GDP at 60%. He said there will be no debt-payment risks ‘because the government will repay the loans in full and on time.’
According to the National Statistical Service, Armenia’s total public debt at the end of October 2014 stood at $4.464.7 billion, an increase of 0.34% or $15.2 million over the previous month.
The external public debt during the reporting month increased by 0.2% or $7.9 million, reaching $3.731.5 billion at the end of October.
Armenia’s overall public debt in 2013 made 44% of the total GDP. ($ 1 – 462.81 drams). -0-
