Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

ARMENIAN GOVERNMENT DEBT TO GDP RATIO IN 2022 DROPPED FROM 50% TO 46.7% – MINISTRY OF FINANCE

YEREVAN, March 14. /ARKA/. Armenian government’s debt-to-GDP ratio dropped in 2022 from 50% to 46.7%, according to Finance Minister Vahe Hovhannisyan.

According to the government plan of actions to decrease the debt burden, the ratio was to drop to 60.5% in 2022 and to 53.8% in 2026.

The minister said the drop created an additional ‘resource of sustainability’ to withstand potential risks and challenges.

Speaking at a Monday meeting of the parliamentary standing committee on financial-credit and budgetary issues, the minister said the state budget deficit in 2022 was financed by treasury bonds to the tune of 252 billion drams or 79.2% of the total financing, and the rest was financed  by foreign loans worth 66.2 billion drams or 20.8% of the total financing. Compared with the previous year, the share of financing from domestic sources increased by 38.6%.

“As of December 31, 2022, the share of debt expressed in drams was 37.9%, up 9.1% compared to the same period last year. This mitigated the sensitivity of debt to exchange rate fluctuations,” the minister said.

According to official statistics, as of December 31, 2022, Armenia’s government total debt stood at over $10.6 billion, having increased by about $373 million from November 30, 2022. The foreign debt stood at about $6.5billion (an increase of $236.4 million) and the domestic debt at about $4.2 billion (an increase of $136.4 million). -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Euro jumps 4.23 points against Armenian dram, as  US dollar and ruble rise slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 1, 2025, increased by 0.85 points compared to June 30 and amounted to 385.32 drams.

Partnership Launch: Freedom Broker Armenia & Teach For Armenia

Teach For Armenia is proud to announce a new partnership with Freedom Broker Armenia, aimed at enhancing financial literacy and educational innovation in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img