{"id":110097,"date":"2017-09-28T12:47:58","date_gmt":"2017-09-28T12:47:58","guid":{"rendered":"https:\/\/armbanks.am\/2017\/09\/28\/246735\/"},"modified":"2024-12-15T13:30:57","modified_gmt":"2024-12-15T13:30:57","slug":"armenias-state-debt-may-reach-7-billion-in-late-2018","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/09\/28\/110097\/","title":{"rendered":"Armenia\u2019s state debt may reach $7 billion in late 2018"},"content":{"rendered":"<p><strong>YEREVAN, September 28. \/ARKA\/.<\/strong> Although Armenia&#8217;s aggregate state debt is likely to hit $7 billion by the end of 2018, the country will not default, finance minister Vardan Aramyan told journalists on Thursday.<\/p>\n<p>Aramyan argued that the national debt pattern is quite good, and the major part of loans attracted from international lending organizations are soft loans, channeled into investment projects.<\/p>\n<p>&#8220;Armenia&#8217;s aggregate state debt may reach $7 billion by the end of 2018, or about 60% of GDP, but the government is not concerned, as Armenia is still ranked as a country with a low debt burden, since the main emphasis is on the quality of the national debt and its ratio to GDP, not on absolute numbers,&#8221; Aramyan said.<\/p>\n<p>The government expects that the national debt will reach $6.7 billion by the end of 2017. According to the finance ministry, Armenia&#8217;s foreign debt will total $5.4 billion by the end of 2017. In 2016 the total national debt was 56.6% of GDP. By the end of this year it is expected to reach 58.8% of GDP. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although Armenia&#8217;s aggregate state debt is likely to hit $7 billion by the end of 2018, the country will not default, finance minister Vardan Aramyan told journalists on Thursday<\/p>\n","protected":false},"author":1,"featured_media":183523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12713,14265,460],"class_list":["post-110097","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-state-debt","tag-vardan-aramyan","tag-460"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Although Armenia&#039;s aggregate state debt is likely to hit $7 billion by the end of 2018, the country will not default, finance minister Vardan Aramyan told journalists on Thursday\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,state debt,vardan aramyan,\u0433\u043e\u0441\u0434\u043e\u043b\u0433\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2017\/09\/28\/110097\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenia\u2019s state debt may reach $7 billion in late 2018 - 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