{"id":250593,"date":"2022-10-31T12:15:30","date_gmt":"2022-10-31T12:15:30","guid":{"rendered":"https:\/\/armbanks.am\/2022\/10\/31\/250593\/"},"modified":"2022-10-31T12:15:30","modified_gmt":"2022-10-31T12:15:30","slug":"armenias-finance-ministry-expects-public-debt-gdp-ratio-to-drop-in-2023-to-a-level-not-exceeding-50","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/10\/31\/250593\/","title":{"rendered":"Armenia’s Finance Ministry expects public debt\/GDP ratio to drop in 2023 to a level not exceeding 50%."},"content":{"rendered":"\n

YEREVAN, October 31. \/ARKA\/. <\/strong>Armenia’s Finance Ministry expects the\u00a0country\u2019s public\u00a0debt\/GDP ratio to drop in 2023 to a level not exceeding 50%.<\/p>\n\n\n\n

“We expect Armenia’s public debt to decrease from last year’s level of 60.3% to a level not exceeding 50% in 2023,” Finance Minister Tigran Khachatryan said during a parliament hearing on Armenia’s state for the next year.<\/p>\n\n\n\n

He said the forecast is  made based on Armenian national currency\u2019s strengthening against major currencies, which in turn has improved more rapidly the public debt\/GDP ration than it could have been under other conditions.<\/p>\n\n\n\n

According to Khachatryan, at the end of last year foreign currency debt made up 70% of the total public debt, which has dropped now to about 60% when recalculated at the new exchange rate of the dram.<\/p>\n\n\n\n

According to the National Statistics Committee, Armenia’s total public debt stood at about $9,992,116,000 as of August 31, 2022, having grown by a little over $19 million from the previous month.<\/p>\n\n\n\n

On December 31, 2021, the country’s total public debt stood at $9,225,643,000.  According to the NSC, of the total public debt about $6,288,492,000 were the external debt of the government, which dropped by $112.5 million from late July 2022, while domestic debt in late August   2022  was higher by $130.5 million growing to about $3,703,623,000.<\/p>\n\n\n\n

The government’s external debt decreased by $106 million to a little over $5.7 billion as of late August 2022.<\/p>\n\n\n\n

The debt of the Central Bank decreased by over $6.4 million to $540.5 million. Of the domestic debt, over $3.3 billion (an increase of $62 million) were owed to resident holders of government bonds. Some $369.6 million were owed to holders of the government’s Eurobonds (an increase of $70.3 million). Also, $10.7 million were owed as domestic guarantees, a drop of $2.3 million. – 0-<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenia’s Finance Ministry expects the\u00a0country\u2019s public\u00a0debt\/GDP ratio to drop in 2023 to a level not exceeding 50%<\/p>\n","protected":false},"author":1,"featured_media":202109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[461],"class_list":["post-250593","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-461"],"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\n\t\t