{"id":120266,"date":"2019-03-27T13:29:19","date_gmt":"2019-03-27T13:29:19","guid":{"rendered":"https:\/\/armbanks.am\/2019\/03\/27\/248388\/"},"modified":"2024-12-15T13:37:09","modified_gmt":"2024-12-15T13:37:09","slug":"armenias-public-debt-is-not-a-threat-pashinyan-says","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2019\/03\/27\/120266\/","title":{"rendered":"Armenia\u2019s public debt is not a threat, Pashinyan says"},"content":{"rendered":"\n

YEREVAN, March 24 \/ARKA\/.<\/strong> The amount of Armenia\u2019s state debt is not a threat, Prime Minister Nikol Pashinyan told lawmakers today.<\/p>\n\n\n\n

\u201cI would like to assure you that external public debt servicing is laid on institutional bases, and the repayment mechanism is planned for the years ahead. It is provided for both by the mid-term spending and is also taken into account in the new short-term one,\u201d he said.<\/p>\n\n\n\n

Pashinyan assured that there is no threat to Armenia, as the country’s economy will be growing. <\/p>\n\n\n\n

\u201cHousing prices will not fall, but will grow; budget revenues will not fall, but will rise. This year we are going to collect at least 40 billion drams more in revenue. And economic activity figures show that we are going to increase budget revenues,\u2019 he said.<\/p>\n\n\n\n

According to the premier, the fight against corruption and informal economy is instrumental in collecting more revenue. At the same time, he admitted that certain risks still exist, but they are global in nature and are associated with world crises.<\/p>\n\n\n\n

\u201cThe model we are constructing now will be more resistant to external shocks,\u201d said Pashinyan.<\/p>\n\n\n\n

According to the Ministry of Finance, Armenia\u2019s overall public debt grew by 0.41% or $28.1 million from late December 2018 to $6.951 billion at the end of January, 2019. The government\u2019s debt at the end of January 2019 stood at $6.400.1 billion, an increase of $27.2 million, of which $4.996.1 billion was its external debt, an increase of $13.3 million. T<\/p>\n\n\n\n

he government\u2019s domestic debt stood at $1.403.9 billion, an increase of $13.9 million. The debt of the Central Bank at the end of January stood at $550.9 million, an increase of $0.9 million. -0-. ($1 \u2013 486.15 drams).\u20140–<\/p>\n","protected":false},"excerpt":{"rendered":"

The amount of Armenia\u2019s state debt is not a threat, Prime Minister Nikol Pashinyan told lawmakers today<\/p>\n","protected":false},"author":1,"featured_media":184195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,14778,13790,460],"class_list":["post-120266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-pashinyan","tag-public-debt","tag-460"],"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