YEREVAN, May 31. / ARKA /. Armenia’s total public debt at the end of April 2016 stood at $5.252.1 billion, an increase of 1% or $56 million from March, according to the National Statistical Service. Since the beginning of the year it has grown by 3.4%.
According to NSS, Armenia’s foreign debt stood at $4.459 billion, an increase of 1.2% or $53.3 million if compared with the previous month.
Of that amount about $3.968 billion were owed by the government of Armenia, an increase of $50 million, while the Central Bank’s debt stood at $490.8 million, an increase of $3 million from March.
Armenia’s domestic debt at the end of April stood at $793 million, an increase of $2.7 million. Of that amount approximately $705.9 million were owed to resident holders of government bonds and $85.1 million were owed to holders of Armenian government Eurobonds and. $1.94 million were provided as domestic guarantees.
According to the state budget, Armenia’s public debt in late 2016 will make 49.4% of the projected GDP, while the ratio of external debt to GDP is expected to be 42.8%. The public debt by the end of 2016 is expected to grow to $5.569 billion, of which 86.6% will be external debt. -0-
