Mon, 30 June
21.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

Armenia’s total public debt in late November 2019 stood at $7.166.076 billion

YEREVAN, January 16. /ARKA/. Armenia’s overall public debt at the end of November 2019 stood at $7.166.076 billion, having decreased by $49.322 million from the previous month, the National Statistics Committee (NSC) said today. It said the country’s total state debt at the end of 2018 stood $.6.922. 512 billion.

According to official data, the country’s external debt at the end of November 2019 stood at $5.626. 252 billion, having grown by $52.963 million from the previous month. About $5.114.134 billion of the external debt was owed by the government, an increase of $55.326 million from the previous month. The Central Bank’s debt stood at $512.118 million, a decrease of $3.641 million.

Armenia’s domestic debt at the end of November was worth the equivalent of $1.539.824 billion, having dropped by $3.641 million. In Armenian drams, the country’s overall public debt in late November, 2019 stood at 3.424.524.4 trillion drams, having increased by 35.526.1 billion drams from the previous month. At the end of 2018 it stood at 3.348 765.3 trillion drams.

The external debt in drams at the end of November 2019 stood at 2. 688 673.2 trillion drams, an increase of 34. 673.0 billion drams from the previous month, while the domestic debt was worth 735. 851.2 billion drams, an increase of 853.1 million drams.

According to the Ministry of Finance, the country’s public debt at the end of the year will make 50.3% of GDP to stand at $6.94 billion. Fitch Ratings predicts that the total public debt of Armenia will decrease to 51.2% of GDP in 2019 and to 48.4% in 2021. ($1 – 479.63 dram). – 0–

spot_img

POPULAR

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

LATEST NEWS

spot_imgspot_imgspot_img