Sat, 4 October
23.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

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

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img