Armenia’s aggregate state debt amounts to over $6.7 billion

YEREVAN, January 31. /ARKA/. Armenia’s aggregate state debt amounted to $6.774.6 billion at the end of 2017, an increase of 14% or $832.5 million from the previous year, the National Statistical Service (NSS) said. It said also the state debt increased by $343.9 million at the end of December when compared to the previous month.

According to NSS, the country’s external state debt at the end of 2017 stood at $5.494.9 billion, having increased by 14.3% or $689.3 million from the year before.

Of that amount about $4.893.3 billion were the Armenian government’s debt (an increase of $592.4 million), and some $601.5 million were owed by the Central Bank’ (an increase of $96.5 million).

Armenia’s domestic debt at the end of December 2017 amounted to the equivalent of $1.279.6 billion, an increase of $143.2 million. About $1.115.5 billion were owed to holders of government bonds, some $155.1 million were owed to holders of Armenian government’s USD-denominated bonds and $9 million were owed as government guarantees. -0-

spot_img

POPULAR

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Central Bank Chairman Doesn’t Rule Out Hike in Loan Rates in Armenia

Central Bank of Armenia Chairman Martin Galstyan didn't rule out an increase in loan interest rates in the country if the monetary policy tightening cycle continues.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

LATEST NEWS

spot_imgspot_imgspot_img