YEREVAN, November 3. /ARКА/. The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.
“In 2027, we plan to attract $1.1 billion in loans. At the same time, we will repay $328 million,” Hovhannisyan said in parliament on Monday during a discussion of the draft 2027 state budget.
Thus, according to the data provided by the minister, net fundraising after repayments will amount to $814 million.
On Public Debt
According to the Minister of Finance’s forecasts, Armenia’s public debt will stabilize at approximately 47% of GDP. According to Hovhannisyan, public debt servicing costs in 2027 will amount to 417 billion drams, or 10.2% of total state budget expenditures, 11.6% of revenues, and 3.1% of GDP.
The minister noted that the calculation of these costs takes into account risks associated with possible exchange rate fluctuations.
As of June 30, 2026, Armenia’s public debt amounted to 5.12 trillion drams (equivalent to $13.9 billion in dollar terms), compared to 5.30 trillion drams at the end of 2025. ($1 = 360.5 drams).
