Mon, 6 October
26.1 C
Yerevan
USD: 382.58 RUB: 4.60 EUR: 446.20 GEL: 140.78 GBP: 513.46

Armenia’s overall state debt grows by $190 million in six months

YEREVAN, June 30. / ARKA /. Armenia’s overall state debt at the end of May 2016 stood at $5 270,6 billion, an increase of 3.7 percent or $191.8 million from the beginning of the year, according to updated figures of the National Statistical Service (NSS), released today. In May alone the state debt increased by 0.35%, NSS said.

The country’s external debt at the end of May 2016 stood at $4.432.1 billion, a decrease of 0.6% or $26.9 million from the previous month.

About $3.943 billion of external debt was owed by the government. The figure represented a decline of $25.1 million from the previous month. Central Bank’s external debt was $489 million, a decline of $1.8 million from the previous month.

The country’s domestic debt at the end of May amounted to $838.4 million, an increase of $45.3 million from the beginning of the year. Of that amount about $751.3 million was owed to resident holders of government bonds. Another $85.1 million was owed to holders of USD-denominated government bonds, while domestic guarantees were worth $1.92 million.

According to the state budget, the country’s year-end public debt is expected to make 49.4% of GDP, while the ratio of external debt to GDP will be 42.8%. The public debt by the end of 2016 is expected to amount 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.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img