{"id":129193,"date":"2020-06-12T08:19:03","date_gmt":"2020-06-12T08:19:03","guid":{"rendered":"https:\/\/armbanks.am\/2020\/06\/12\/249390\/"},"modified":"2024-12-15T13:41:37","modified_gmt":"2024-12-15T13:41:37","slug":"vice-premier-does-not-rule-out-increase-in-armenias-foreign-debt-amid-world-recession","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/06\/12\/129193\/","title":{"rendered":"Vice-premier does not rule out increase in Armenia\u2019s foreign debt amid world recession"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, June 12. \/ARKA\/. <\/strong>Armenia\u2019s foreign debt may increase amid the global recession, Vice-Premier Mher Grigoryan told reporters on Thursday in the National Assembly. &#8220;It is possible that external debt will increase. I consider this a normal process, as there is a recession throughout the world,&#8221; he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Grigoryan said all countries of the world will feel the economic impact of the pandemic and face recession in 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the National Statistics Committee, the total public debt of Armenia at the end of December 2019 amounted to $ 7 324.167 million, an increase over the month by $ 158.091 million. The country\u2019s foreign public debt at the end of December 2019 amounted to $ 5 789.729 million, recording a growth for the month by $ 163.477 million. About $ 5,300.412 million here is the debt of the Armenian government (an increase of $ 186.278 million), and $ 489.317 million (down $ 22.801 million) is the debt of the Central Bank of Armenia. The country\u2019s domestic debt at the end of December reached $ 1,534,439 million, decreasing by $ 5,386 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Armenian Finance Minister Atom Janjughazyan said on June 5 that the public debt to GDP in Armenia amounted to 53.6%, but it is fully manageable and there is the possibility of attracting new funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The international rating agency Fitch Ratings predicts that the total public debt of Armenia will decrease to 51.2% of GDP in 2019 and to 48.4% of GDP in 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The state of emergency, introduced in Armenia on March 16, 2020 to curb the spread of the new coronavirus and extended to May 14, has been extended again &#8211; until 17:00 on June 13 inclusive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the latest official report issued on Friday, there are 15,281 confirmed COVID-19 infection cases, 5,639 recovered patients and 258 deaths in the country. -0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s foreign debt may increase amid the global recession, Vice-Premier Mher Grigoryan told reporters on Thursday in the National Assembly. &#8220;It is possible that external debt will increase. I consider this a normal process, as there is a recession throughout the world,&#8221; he said<\/p>\n","protected":false},"author":1,"featured_media":190696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12347,460],"class_list":["post-129193","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-foreign-debt","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=\"Armenia\u2019s foreign debt may increase amid the global recession, Vice-Premier Mher Grigoryan told reporters on Thursday in the National Assembly. &quot;It is possible that external debt will increase. 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