YEREVAN, December 25. /ARKA/. Armenian Finance Minister Vahe Hovhannisyan stated at a final press conference that by the end of 2024, Armenia’s public debt is expected to be approximately 49.8% of GDP.
“The final figure depends on the publication of GDP data, which will be released in the spring. We expect the GDP growth rate to be around 5.5% this year, so the public debt is expected to be approximately 50% of GDP,” he said.
According to the National Statistical Committee of Armenia, the country’s total public debt as of October 31, 2024, amounted to $12,632.842 million, an increase of $131.370 million compared to September 30, 2024.
In dram terms, as of October 31, 2024, the public debt stood at 4,889,541.5 million drams, having risen by 47,471.5 million drams from the previous month. On December 31, 2023, the public debt was 4,794,904.8 million drams.
