Wed, 5 November
12.1 C
Yerevan
USD: 382.55 RUB: 4.74 EUR: 440.12 GEL: 141.19 GBP: 500.15

Armenia’s total pubic debt decreased by 3.5 percent in 2014 to $4.441.5 billion

YEREVAN, January 30. / ARKA /. Armenia’s total public debt decreased by 3.5 percent in 2014 from the previous year to $4.441.5 billion, the National Statistical Service (NSS) said today.

It said the total public debt grew by 0.06 percent or $26.8 million in 2014 December from the previous month.

According to official data, Armenian government’s external debt increased by 2.2 percent last year to $3.785 2 billion, but when compared to the end of 2013 December it was down 3 percent. About $3.345.2 billion of the external debt were owed by the government. That debt rose by 2.4% in 2014 December, but was down 1.3 percent if compared to the end of 2013.

Approximately $439.9 million were owed by the Central Bank of Armenia. It grew by $10.9 million in 2014 December from the previous month.

Armenia’s domestic debt dropped by 7.6 percent or $54.7 million last year to $656.3 million. Part of it was generated by sale of government bonds to residents. It stood at $609.3 million, while the debt generated by sale of government bonds in foreign currency stood at about $40.7 million. The amount of debt generated by loans and borrowings stood at $4 million and guarantees to domestic entities stood at $2.1 million.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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