{"id":110037,"date":"2017-09-26T10:29:03","date_gmt":"2017-09-26T10:29:03","guid":{"rendered":"https:\/\/armbanks.am\/2017\/09\/26\/246721\/"},"modified":"2024-12-15T13:30:53","modified_gmt":"2024-12-15T13:30:53","slug":"finance-minister-armenias-foreign-debt-amounts-to-5-4-billion-now","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/09\/26\/110037\/","title":{"rendered":"Finance minister: Armenia\u2019s foreign debt amounts to $5.4 billion now"},"content":{"rendered":"

YEREVAN, September 26. \/ARKA\/.<\/strong> Armenia\u2019s foreign debt amounts to $5.4 billion now, Vardan Aramyan, the country\u2019s finance minister, said Monday at a news conference.<\/p>\n

In his words, Armenia\u2019s public debt made up 56.6% of the GDP in 2016, and is projected to reach 58.8% by the end of 2017, which also depends on foreign exchange rates.<\/p>\n

\u201cIn 2016, the public debt totaled $5.9 billion, where foreign debt amounted to $4.8 billion,\u201d he said. \u201cForeign debt is expected to grow to $5.4 billion in 2017.\u201d<\/p>\n

The minister said that Armenia is still among countries with not heavy debt burden and that the authorities will make every effort to improve \u2018the zone of comfort\u2019.<\/p>\n

\u201cWe\u2019ll conduct consulting with IMF experts to lessen and stabilize the public debt and to return it to so called zone of comfort,\u201d he said.<\/p>\n

Aramyan also said that Armenia pursues a reasonable tax and budgetary police and mentioned the fact that Moody\u2019s and Fitch rating agencies left ratings for Armenia unchanged.<\/p>\n

According to official figures, Armenia\u2019s collective public debt surged by another $60 million in July to over $6.2 billion. The country\u2019s external debt amounted to $4.985 billion, having increased by $42.7 million in one month. About $4.417.5 billion of the external debt was owed by the Armenian government (an increase of $35.1 million), and another $567.4 million were owed by the Central Bank (an increase of $7.6 million).<\/p>\n

Armenia’s domestic debt at the end of July stood at $1.216.6 billion, an increase of $18 million. Some $1.081.9 billion were owed to resident holders of government bonds, $125.6 million were owed to holders of government bonds in foreign currency and $9 million were owed as government guarantees.
\nThe government expects that by yearend the overall public debt will amount to $6.245 billion, up from $5.849 billion in late 2016). -0—<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenia\u2019s foreign debt amounts to $5.4 billion now, Vardan Aramyan, the country\u2019s finance minister, said Monday at a news conference<\/p>\n","protected":false},"author":1,"featured_media":179714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12347,12344,308],"class_list":["post-110037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-foreign-debt","tag-gdp","tag-308"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t