{"id":88007,"date":"2015-05-25T15:46:17","date_gmt":"2015-05-25T15:46:17","guid":{"rendered":"https:\/\/armbanks.am\/2015\/05\/25\/242948\/"},"modified":"2024-12-15T13:18:13","modified_gmt":"2024-12-15T13:18:13","slug":"armenias-public-debt-level-not-risky-chief-treasurer","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/05\/25\/88007\/","title":{"rendered":"Armenia\u2019s public debt level not risky, chief treasurer"},"content":{"rendered":"<p><strong>YEREVAN, May 25. \/ ARKA \/.<\/strong> According to Armenia\u2019s chief treasurer Atom Janjughazyan, Armenia is still a country with low debt burden. Presenting today the report on the implementation of the country&#8217;s budget in 2014 he said Armenia&#8217;s foreign debt stood at about 1.8 trillion drams as of December 31, 2014 ($3.785.2 billion) or 39.7% of GDP, up from about 1.6 trillion drams ($3.899.1 billion) or 37% of GDP in late 2013.<\/p>\n<p>The bulk of the debt &#8211; $3.345.3 billion was owed by the government and about $440 million by the Central Bank.<\/p>\n<p>Janjughazyan said $266 million were spent last year to repay part of foreign debt and interests. Of that amount $162.7 million were the government\u2019s obligations and $103.3 million were the obligations of the Central Bank. The ratio of external debt service to exports was 8.1% against 14.5% in 2013, while the ratio to the budget revenues\u00a0 was 9.7% vs. 15.5% in 2013.<\/p>\n<p>Under Armenia\u2019s national law, the ratio of debt to GDP is considered critical when it is 60%. Janjughazyan said although Armenia\u2019s public debt to GDP ratio is much lower than that of many European countries that does not mean that the country should attract actively foreign loans.<\/p>\n<p>According to him, the level of public debt was affected by the weakening of the national currency at the end of 2014, pushing it up, &#8220;but even against that background, public debt figures decreased compared to the previous year.&#8221;-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Armenia\u2019s chief treasurer Atom Janjughazyan, Armenia is still a country with low debt burden<\/p>\n","protected":false},"author":1,"featured_media":157161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[13935,12275,12915],"class_list":{"0":"post-88007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-chief-treasurer","10":"tag-debt","11":"tag-level"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88007","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=88007"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157161"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=88007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=88007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=88007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}