  Deputy Finance Minister: Armenia’s state debt far form exorbitant September 24, 2012 - 15:40 AMT PanARMENIAN.Net - Armenia’s state debt in 2011 made up $4,129 bn, including a foreign debt of $3,868 bn, Deputy Finance Minister stated at the presentation of annual reports on 2011 state budget implementation. Atom Janjughazyan, however, found it hard to provide information on the sum planned by the next year’s state budget for the servicing of the state debt. The official also disagreed with a member of Armenian National Congress (ANC) opposition bloc member Hrant Bagratyan in the fact that according to the World Bank methodology, Armenia’s state debt has increased dramatically to reach an exorbitant sum, especially considering the debt to exports ratio. The official denied the information, advising to consider state debt to GDP ratio as a basis. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Iran denies it has forces supporting Assad in Syria  "The true enemies of Syria make up these accusations to provoke the people of this country," Abbas Araqchi said.Deputy PM says Russian shipbuilding program at risk “We are planning to sink, and have already sunk big money into shipbuilding but I can’t see any payoff yet,” Rogozin said.ANC of New York screens “Orphans of the Genocide” “The ANC of New York is pleased to work with Mr. Maronian to spread awareness of this significant film,” Markarian said.Obama defends drone strikes as counterterrorism measure The U.S. president's remarks came as he sought to move America beyond the war effort of the past dozen years. |
