YEREVAN, Feb. 9. /ARKA/. Armenia’s total public debt as of December 31, 2021 stood at $9,225.643 billion, an increase of $66.367 million compared to November 30, 2021, the National Statistical Committee said. The public debt as of December 31, 2020 stood at $7,968.486 billion.
In Armenian drams , the public debt decreased by 20,525.5 billion drams from November 2021 to 4 trillion 429 billion drams.
According to the National Statistics Committee, the country’s external debt stood at $6,642.675 billion ($7.9 million down from November 2021 ), while the domestic debt increased by $74.276 million in December and totaled $2,582.968 billion.
In AMD equivalent, the external debt decreased by 41,838.8 billion to 3 trillion 189 billion, while the domestic debt increased by 21,313.3 billion drams to 1 trillion 240 billion drams.
The government’s debt increased by $0.659 million to $6,184.970 billion in December 2021. At the same time, the government’s debt in AMD equivalent decreased by 35,057.7 billion to 2 trillion 969 billion. The Central Bank debt decreased by $8.568mln to $457.704mln. In dram equivalent, the Central Bank’s debt decreased by 6,781.1 billion to 219.8 billion.
Also, $2,411.146 bln were owed to resident holders of state treasury bonds (increase of $65.810 mln), Another $160.670 million were owed to resident holders of state bonds in foreign currency (increase of $6.666 mln). Domestic guarantees provided by the government accounted for $11.152 million of the total public debt (increase by $1,800 million).
Armenian Minister of Finance Tigran Khachatryan stated in October 2021 that Armenia’s public debt will reach AMD 4 trillion 740 by the end of 2022 or 60.2% of GDP. According to him, Armenia’s foreign debt will make 69% of the total public debt. Some 51.1% of the public debt will be repaid by foreign loans, 30.1% by state and treasury bonds and 18.7% by foreign currency bonds. He said the percentage of domestic and foreign debts will be brought down to 30% to 70% respectively. -0-
