Tue, 5 August
32.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Armenia’s public debt is not a threat, Pashinyan says

YEREVAN, March 24 /ARKA/. The amount of Armenia’s state debt is not a threat, Prime Minister Nikol Pashinyan told lawmakers today.

“I would like to assure you that external public debt servicing is laid on institutional bases, and the repayment mechanism is planned for the years ahead. It is provided for both by the mid-term spending and is also taken into account in the new short-term one,” he said.

Pashinyan assured that there is no threat to Armenia, as the country’s economy will be growing.

“Housing prices will not fall, but will grow; budget revenues will not fall, but will rise. This year we are going to collect at least 40 billion drams more in revenue. And economic activity figures show that we are going to increase budget revenues,’ he said.

According to the premier, the fight against corruption and informal economy is instrumental in collecting more revenue. At the same time, he admitted that certain risks still exist, but they are global in nature and are associated with world crises.

“The model we are constructing now will be more resistant to external shocks,” said Pashinyan.

According to the Ministry of Finance, Armenia’s overall public debt grew by 0.41% or $28.1 million from late December 2018 to $6.951 billion at the end of January, 2019. The government’s debt at the end of January 2019 stood at $6.400.1 billion, an increase of $27.2 million, of which $4.996.1 billion was its external debt, an increase of $13.3 million. T

he government’s domestic debt stood at $1.403.9 billion, an increase of $13.9 million. The debt of the Central Bank at the end of January stood at $550.9 million, an increase of $0.9 million. -0-. ($1 – 486.15 drams).—0–

spot_img

POPULAR

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img