{"id":251320,"date":"2024-01-29T10:15:39","date_gmt":"2024-01-29T10:15:39","guid":{"rendered":"https:\/\/armbanks.am\/2024\/01\/29\/251320\/"},"modified":"2024-01-29T10:15:39","modified_gmt":"2024-01-29T10:15:39","slug":"fitch-armenian-governments-general-debt-amounted-to-an-estimated-48-2-of-gdp-at-end-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/01\/29\/251320\/","title":{"rendered":"Fitch: \u00a0Armenian government\u2019s general debt amounted to an estimated 48.2% of GDP at end-2023"},"content":{"rendered":"\n<p><strong>YEREVAN, January 29. \/ARKA\/. <\/strong>Armenian government\u2019s general debt (GGD) amounted to an estimated 48.2% of GDP at end-2023 (&#8216;BB&#8217; median: 52%).Fitch Ratings said in a report.<\/p>\n\n\n\n<p>It recalled that aAuthorities bought back USD186.8 million of a USD313.2 million Eurobond maturing in 2025, given the favourable budget performance and cash reserves.<\/p>\n\n\n\n<p>The assumption of part of the debt of the liquidated political entity of the Republic of Nagorno-Karabakh increased GGD by 2.2pp of GDP in 2023. Fitch expects debt to stabilise at 49.4% of GDP on average in 2024-25.<\/p>\n\n\n\n<p>The FX proportion of GGD fell further to 55% as of end-2023 (current &#8216;BB&#8217; median: 53%), from 62% in 2022 and a peak of 86% in 2015, reflecting the strength of the dram relative to historical levels, as well as a greater shift towards local issuances, in line with official strategy.<\/p>\n\n\n\n<p>According to the National Statistical Committee of Armenia, as of November 30, 2023, the total state debt&nbsp;&nbsp;of the country amounted to over $11,2 billion, having increased by over $91.3 million compared to October 31, 2023.<\/p>\n\n\n\n<p>About $6,4 billion of the total amount was&nbsp;&nbsp;the external debt (up $31.517 million from the previous e month), while domestic debt rose by $59.8 million to over $4,8 billion &#8211;0&#8211;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian government\u2019s general debt (GGD) amounted to an estimated 48.2% of GDP at end-2023 (&#8216;BB&#8217; median: 52%).Fitch Ratings said in a report.<\/p>\n","protected":false},"author":1,"featured_media":158933,"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-251320","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\/251320","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=251320"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158933"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}