Armenian authorities plan to reduce public debt to below 45% of GDP in the coming years: minister

YEREVAN, June 16. /ARKA/. Armenia plans to reduce public debt to below 45% of GDP in the coming years, Finance Minister Vahe Hovhannisyan announced in parliament.

Speaking at the discussion of the annual report on the execution of the 2025 state budget on Tuesday, Hovhannisyan noted that the government considers maintaining the debt burden below 50% a priority.

“In the coming years, our goal will be to reduce the public debt level to below 45%, which will allow us to reduce debt servicing costs from 12.1% of budget revenues to 10% and create more opportunities for initiatives aimed at developing the social sphere and human capital,” Hovhannisyan said.

According to him, in 2025, the public debt-to-GDP ratio was 47.2%, a decrease of 0.5 percentage points compared to the previous year.

“This was facilitated by maintaining a moderate state budget deficit and a stable macroeconomic environment.” “The budget deficit amounted to 3.7% of GDP, compared to the planned 5.5%,” the minister said.

According to the Ministry of Finance, Armenia’s total public debt as of March 31, 2026, amounted to $14.077 billion, compared to $13.906 billion as of December 31, 2025.

As of that date, the government’s public debt amounted to $14.068 billion (including $6.672.6 million in external debt and $7.396.3 million in domestic debt), while community debt amounted to $8.18 million (including $8.03 million in external debt and $0.15 million in domestic debt). The Central Bank of Armenia’s external debt amounted to $482.4 million as of the end of March 2026.

spot_img

POPULAR

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Market capitalization increased by 7.43% in June, exceeding AMD 492 billion – Armenia Securities Exchange

Equity market capitalization in June 2026 exceeded AMD 492.7 billion, an increase of 7.43%, the press service of the Armenia Securities Exchange (AMX) reported.

Become a Unibank shareholder and benefit from an attractive investment opportunity

Individuals and legal entities can acquire ordinary shares from Unibank’s new share issue until September 9, 2026, at a placement price of AMD 390 per share.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 7, 2026, remained unchanged at 367.47 drams.

LATEST NEWS

spot_imgspot_imgspot_img