Armenia’s public debt grew to $8.869 billion at the end of first half, 2021

YEREVAN, September 27. /ARKA/. Armenia’s public debt stood at 4.394.5 trillion drams ($8.869 billion) on June 30, 2021, having grown by 229.2 billion drams ($900.6 million) from the same time span of last year, according to a report on the execution of the government budget in the first half of 2021, circulated in parliament today.

According to the report, the public growth was due to a 6.1% rise in government debt, while the external debt of the Central Bank dropped by 3.5%.

Compared to the same period in 2020, public debt indicators grew disproportionately by 18% and 14.9%,  due to the difference in the exchange rate of the national currency, the dram, versus  the US dollar at the end of the first half of 2020 and 2021, which grew by 2.7% from 482.44 drams per one USD to 495.37 drams.

The debt of the Armenian government amounted to 4.161.6 trillion drams ($8.400.9 billion), and the external debt of the Central Bank – to 231.9 billion drams ($468.1 million).

Armenia’s external public debt increased by $618.2 million (by 10.2%), while its share in the overall external public debt decreased from 76% to 75.3%. The external debt of the government also increased by $610.1 million, and the external debt of the Central Bank – by $8.1 million.

The domestic public debt as of June 30, 2021 compared to last year’s indicators, increased by 87.9 billion drams (8.8%), while its share in the overall public debt increased from 24% to 24.7%. ($1 – 480.82 drams) – 0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 15–21)

The financial week in Armenia was marked by Central Bank decisions, discussions of public debt parameters, inflation dynamics, and institutional changes in the banking sector.

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Unibank’s annual general meeting of shareholders will be held today: the bank’s net profit amounted to 9.8 billion drams

On June 22, 2026, the Annual General Meeting of Shareholders of Unibank OJSC will be held.

A 5 MW solar power plant was built in the village of Lanjar with the assistance of Acba Leasing

Lanjar Energy's 5 MW solar power plant with a capacity of 9 million kWh is located in the village of Lanjar in the Ararat region.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

LATEST NEWS

spot_imgspot_imgspot_img