{"id":118035,"date":"2018-12-25T14:56:06","date_gmt":"2018-12-25T14:56:06","guid":{"rendered":"https:\/\/armbanks.am\/2018\/12\/25\/248153\/"},"modified":"2024-12-15T13:36:10","modified_gmt":"2024-12-15T13:36:10","slug":"armenian-governments-debt-in-2019-to-amount-to-6-913-billion-or-49-8-of-gdp","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/12\/25\/118035\/","title":{"rendered":"Armenian government\u2019s debt in 2019 to amount to $6.913 billion or 49.8% of GDP"},"content":{"rendered":"

YEREVAN, December 25 \/ARKA\/.<\/strong> Armenian government\u2019s debt in 2019 will amount to $6.913 billion or 49.8% of GDP, by $465 million more than in the outgoing year, the Ministry of Finance said in the annual loan program for next year, published on its official website.<\/p>\n

The government\u2019s debt in 2018 is expected to make $6.448 billion (3.137 trillion drams) or 50.7% of GDP against $6.173 billion (2.988 trillion drams) or 53.7% of GDP in 2017.<\/p>\n

The weighted average interest rate of the government\u2019s debt in 2019 will be 5.2%, up from 4.9% in 2018. and 2017. The share of spending in 2019 to be channeled into paying off the debt (interest payments) is expected to grow by 18.7 billion drams.<\/p>\n

The cost of servicing the public debt (interest payments) in 2018 is expected to make 158 billion drams against 139.3 billion drams in 2018 (122.1 billion drams in 2017). As a result, interest payments in 2019 will amount to 2.3% of GDP or 9.6% of the budget spending.<\/p>\n

The government\u2019s domestic debt in 2019 will amount to 734 billion drams against 664 billion drams in 2018. At the same time, the volume of debt for dram-denominated government bonds will increase to 658 billion drams from 588 billion drams in 2018.<\/p>\n

Armenia\u2019s foreign debt in 2019 will make 2.630 trillion drams against 2.473 trillion drams in 2018.<\/p>\n

According to the program, in 2019, the government will owe 39% of loan-generated debt to World Bank, 16.6% to the Asian Development Bank, 6.9% to the European Development Bank, 11.3% to Russia, 4.8% to Japan and 4.7% to Germany.<\/p>\n

According to the Ministry of Finance, the country\u2019s total public debt at the end of November 2018 stood at $6.765.5 billion, or 3.281.8 trillion drams (an increase of $41.4 million from the previous month). The government\u2019s debt stood at $6.194.8 million or 3.005 trillion drams (an increase of $38.8 million), of which $4.825.1 billion or 2,340.6 billion drams were external debt (an increase of $5.9 million), and $1.369.7 billion or 664.4 billion drams were domestic debt (an increase of 32.9 million). ($1 – 484 dram) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenian government\u2019s debt in 2019 will amount to $6.913 billion or 49.8% of GDP, by $465 million more than in the outgoing year, the Ministry of Finance said in the annual loan program for next year, published on its official website<\/p>\n","protected":false},"author":1,"featured_media":162167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12275,12344,15841,338],"class_list":["post-118035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-debt","tag-gdp","tag-government-2","tag-338"],"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