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

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

Central Bank: Armenia’s current public debt level is not a cause for concern

The current level of Armenia's public debt is not a cause for concern, stated Deputy Governor of the Central Bank of Armenia Hovhannes Khachatryan.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

LATEST NEWS

spot_imgspot_imgspot_img