Vache Gabrielyan: Armenia’s state debt to reduce starting 2013

Vache Gabrielyan: Armenia’s state debt to reduce starting 2013

PanARMENIAN.Net - Armenia’s state debt totaled $3bln 795mln, what is 44.4% of the GDP.

According to Finance Minister Vache Gabrielyan, the state debt will remain unchanged in 2011 and 2012 but will reduce starting 2013.

“We control the state debt and experience no problem with its servicing, as we have various sources of financing,” he told a press conference on January 24.

He also informed that tax return to the Armenian state budget totaled AMD 591.9bln against the planned AMD 570bln in 2010.

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