Tue, 29 April
20.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Armenia’s total public debt grew by 1.5% in march to $5.196.1 billion

YEREVAN, April 29. /ARKA/. At the end of March, 2016 Armenia’s total public debt stood at $5.196.1 billion, an increase of 1.5% compared to February, according to the National Statistical Service. When compared to the beginning of the year, the total public debt was up by 2.3%.

According to the NSS, the external debt of the country at the end of March 2016 stood at $4.405.7 billion, an increase of 1.5% or $63.6 million from the previous month.

Some $3.917.8 billion of the external debt was owed by the government, an increase of $55.5 million and $487.8 million were owed by the Central Bank, an increase of 8$ million.

Armenia’s domestic debt at the end of March amounted to $790.3 million, an increase of $12 million. Of that amount approximately $702.2 million were owed to resident buyers of government bonds and the debt to holders of foreign currency-denominated bonds stood at $86.1 million.

According to the state budget, the country’s public debt in 2016 will make 49.4% of GDP, while the ratio of external debt to GDP will be 42.8%. The total public debt by the end of 2016 is expected to grow to $5.569 billion, of which 86.6% will be external debt. -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

LATEST NEWS

spot_imgspot_imgspot_img