YEREVAN, January 9. /ARKA/. Armenia’s total public debt amounted to $5 596.3 million by late November 2016 after shrinking 0.18% or by $10.5 million over the month, the National Statistical Service reports.
The country’s total public debt has grown 10.2% or by $518.6 million since the beginning of 2016.
According to the statistical report, Armenia’s foreign debt shrank 1% or by $48.5 million in November to AMD 4 494.9 million by the end of the month.
The government’s debt in the country’s foreign debt amounted to about $3 997.1 million in late November after reducing by $47.4 million over the month, and the central bank’s debt contracted by 1.1 million to $497.8 million.
Instead, the domestic debt grew by $38 million to $1 101.3 million in late November – the government bonds bought by residents amounted to about $998.7 million, government bonds in foreign currencies amounted to $95.6 million and domestic guarantees to $7 million.
In the government budget for 2016, the country’s public debt is projected at 49.4% of GDP and foreign debt at 42.8%.
The public debt is expected to be recorded at $5.569 billion in 2016, of which 86.6% is foreign debt. –0—
