{"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":{"0":"post-110097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-state-debt","11":"tag-vardan-aramyan","12":"tag-460"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=110097"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/183523"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=110097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=110097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=110097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}