{"id":154150,"date":"2024-04-11T19:41:10","date_gmt":"2024-04-11T19:41:10","guid":{"rendered":"https:\/\/armbanks.am\/2024\/04\/11\/251430\/"},"modified":"2024-12-15T13:54:16","modified_gmt":"2024-12-15T13:54:16","slug":"armenias-public-debt-to-remain-within-55-of-gdp-in-2024-in-the-absence-of-currency-shocks-adb","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/04\/11\/154150\/","title":{"rendered":"Armenia&#8217;s public debt\u00a0to\u00a0remain within 55% of GDP in 2024 in the absence of currency shocks \u2013 ADB"},"content":{"rendered":"\n<p><strong>YEREVAN, April 11. \/ARKA\/. <\/strong>Armenia&#8217;s public debt will remain at a manageable level\u00a0within 55% of GDP\u00a0in\u00a02024 if there are no\u00a0currency shocks, Grigor Gyurjian, Senior Economist at the Asian Development Bank&#8217;s (ADB)\u00a0Armenia Resident Mission, told a press conference on Thursday.<\/p>\n\n\n\n<p>&#8220;This is the assumption we present in our study,&#8221; he said during the presentation of ADB&#8217;s&nbsp;latest&nbsp;Asian Development Outlook 2024 report.<\/p>\n\n\n\n<p>According to the National Statistical Committee, Armenia&#8217;s total&nbsp;public&nbsp;debt as of February 29, 2024,&nbsp;stood at over&nbsp;$11.9&nbsp;billion, up $28.643 million from January 31, 2024.<\/p>\n\n\n\n<p>Of that amount over&nbsp;$6.4&nbsp;billion&nbsp;was&nbsp;the external debt (a decline of $19.572 million&nbsp;from January 31, 2023.<\/p>\n\n\n\n<p>The domestic&nbsp;debt&nbsp;in&nbsp;February increased by $48.216 million to $5.5&nbsp;billion.<\/p>\n\n\n\n<p>Armenia&#8217;s government debt improved impressively from 67% in 2020 to 47% of GDP in 2023.&#8221;<\/p>\n\n\n\n<p>Fitch Ratings forecasts that Armenia&#8217;s government debt will stabilize at 49.4% of GDP on average in 2024-2025. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s public debt will remain at a manageable level\u00a0within 55% of GDP\u00a0in\u00a02024 if there are no\u00a0currency shocks, Grigor Gyurjian, Senior Economist at the Asian Development Bank&#8217;s (ADB)\u00a0Armenia Resident Mission, told a press conference on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":161776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-154150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/154150","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=154150"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/154150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/161776"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=154150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=154150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=154150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}