YEREVAN, May 2. /ARКА/. Armenia’s public debt as of March 31 is 5.3 trillion drams, an increase of 4.4% compared to December 31 last year, and 5.8% in dollar terms, said Finance Minister Vahe Hovhannisyan.
“By the end of 2024, the public debt to GDP ratio decreased by 0.1 percentage points,” the minister said at a press conference on Friday.
According to Hovhannisyan, the attraction of debt and its volumes are planned by the RA budget and the medium-term debt strategy, which specifies the sources of debt attraction and volumes. Noting that in recent years the share of domestic debt in the total public debt has increased and reached 50%, he called this indicator quite good.
“In countries like ours, domestic debt is 20-30%. In our country, it was at the same level, and in recent years we have been able to increase this share, which somewhat reduces currency risks,” the minister said.
According to the latest data from Armstat, the total public debt of Armenia as of February 28, 2025 amounted to 5,123,331.6 million drams, decreasing by 4,661.7 million drams over the month. In the structure of the total debt, 2,498,560.5 million drams are external debt (a decline of 62,400.0 million drams over the month), and 2,624,771.1 million drams are domestic debt (an increase of 57,738.3 million drams).
In dollar equivalent, the total public debt as of the end of February was $13,027.848 million, an increase over the month of $140.853 million ($1 – 389.94 drams). -0-
