{"id":98918,"date":"2016-06-13T08:44:10","date_gmt":"2016-06-13T08:44:10","guid":{"rendered":"https:\/\/armbanks.am\/2016\/06\/13\/244820\/"},"modified":"2024-12-15T13:24:11","modified_gmt":"2024-12-15T13:24:11","slug":"economist-armenias-public-debt-soaring-by-40-50-million-a-month","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/06\/13\/98918\/","title":{"rendered":"Economist: Armenia\u2019s public debt soaring by $40-$50 million a month"},"content":{"rendered":"<p><strong>YEREVAN, June 10. \/ARKA\/.<\/strong> Armenia\u2019s public debt is soaring by $40-50 million a month, economist Vilen Khachatryan told reporters today.<\/p>\n<p>According to official data, Armenia\u2019s total public debt at the end of April 2016 stood at $5.252.1 billion, an increase of 1% or $56 million from the previous month. From the beginning of the year it rose by 3.4% or $173.3 million.<\/p>\n<p>&#8220;Our public debt\u00a0 is growing by $40-50 million a month and will reach $5.6 billion by the end of the year,&#8221; he said, adding that the debt is growing faster than the economy &#8211;\u00a0 Armenia\u2019s debt\u00a0 in 2015 increased by about $600 million, while the economic growth was worth only $300 million.<\/p>\n<p>According to the National Statistical Service, the total public debt at the end of December 2015 reached $5.071 billion, up by 14% or $629.5 million from 2014 December. In 2014 Armenia&#8217;s GDP grew by 203.4 billion drams (about $426 million) to over 5 trillion drams.<\/p>\n<p>Armenia\u2019s foreign debt as of April 1, 2016 stood at $4.459 billion, while the gross debt of Armenia (it also includes corporate debt) reached $9 billion.<\/p>\n<p>According to Mr. Khachatryan, this debt is an additional burden for the economy and taxpayers as the workforce is shrinking.<\/p>\n<p>According to the state budget, the country&#8217;s public debt in 2016 is supposed to make\u00a0 49.4% of GDP, up from 48.3% in 2015, while the ratio of external debt to GDP will amount to 42.8% against 42.3% in 2015 and the overall public debt by the end of 2016 will amount to $5.569 billion, of which 86.6% will be the external debt. 0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s public debt is soaring by $40-50 million a month, economist Vilen Khachatryan told reporters today<\/p>\n","protected":false},"author":1,"featured_media":157358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,13790],"class_list":{"0":"post-98918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-public-debt"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98918","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=98918"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157358"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=98918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=98918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=98918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}