YEREVAN, February 8. /ARCA/. Armenia’s public debt-to-GDP ratio has “impressively improved from 67% in 2020 to 47% in 2023,” Renaissance Capital analysts said in their study of the economies of six CIS countries – Armenia, Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan.
“We expect it to continue to remain below the target fiscal threshold of 50% of GDP,” the study said.
According to the National Statistical Committee, Armenia’s total public debt rose to $11.8 billion by the end of December 2023, of which $6.5 billion is external debt ($126.667 million more than in November), while domestic debt rose by $511.4 million to exceed $5.3 billion in December. -0-
