Sat, 13 September
22.1 C
Yerevan
USD: 383.47 RUB: 4.56 EUR: 449.96 GEL: 142.03 GBP: 519.91

Armenia’s 2025 public debt payments to exceed $2.4 billion; Minister plans dollar loan increase

YEREVAN, December 25. /ARKA/. According to the schedule for repaying the state debt in 2025, Armenia is set to repay approximately $1.6 billion in principal and around $780 million in interest payments, said Armenian Finance Minister Vahe Hovhannisyan.

He noted that the payments will be made through the issuance of new Eurobonds, budget support loans, and the issuance of new government bonds.

The minister also pointed out that in previous years, the government focused on dram-denominated loans, increasing their share to approximately 48% of the state debt.

“Next year, this share will slightly decrease depending on our need for cash. That is, based on our need for foreign currency, we decided that we will take on more debt in dollars than we did this year,” Hovhannisyan said at a press conference on Wednesday.

According to official statistics, Armenia’s total public debt as of October 31, 2024, amounted to $12.63 billion, an increase of $131.37 million compared to September 30, 2024. Of this, $6.28 billion is external debt (a decrease of $20.08 million over the month), while internal debt rose by $151.45 million to $6.36 billion in October.

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img