YEREVAN, June 24. /ARКА/. Global institutional investors own approximately 7-8% of Armenia’s dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.
“On the one hand, this means that we have achieved a certain level of attention from the international community, but on the other, it dictates certain rules of the game for us,” he said on Public Television.
According to Galstyan, macroeconomic stability remains one of Armenia’s key advantages, while the presence of international investors requires the country to maintain responsible macroeconomic policies.
Regarding opposition claims about the high level of government debt and potential difficulties servicing it, the Central Bank Governor noted that Armenia’s public debt is less than 50% of GDP.
According to Galstyan, the Ministry of Finance and the government are taking steps to reduce the budget deficit and lower the debt burden. “This will be an additional signal to investors that we are a very stable and predictable country from a fiscal perspective. I believe this is the right policy,” he concluded.
According to the Ministry of Finance, Armenia’s total public debt as of March 31, 2026, amounted to $14.77 billion, compared to $13.91 billion as of December 31, 2025. Within this public debt, government debt amounted to $14.68 billion, while community debt amounted to $8.18 million. The Central Bank of Armenia’s external debt as of the end of March 2026 amounted to $482.4 million.
As Armenian Finance Minister Vahe Hovhannisyan stated on June 16, the country plans to reduce public debt to below 45% of GDP in the coming years.
