Armenia’s total public debt totals $4.55bn

Armenia’s total public debt totals $4.55bn

PanARMENIAN.Net - Armenia’s total public debt increased by 0.13 percent in June to $4.556.9 billion, according to the latest data released by the National Statistical Service on Friday, Aug 1, ARKA reported.

According to official figures, the country’s foreign debt decreased by $15.7 million to $3.850.4 billion by late June.

Of the total foreign debt approximately $3.373.2 billion were owed by the government, a decrease of $9.5 million from the previous month. Some $477.3 million were owed by the Central Bank, by $6.2 million less from May.

Domestic debt stood at $706.5 million, an increase of $21.7 million from the previous month. About $671.7 million of that amount were in government bonds purchased by residents. Government bonds in foreign currency totaled $26.5 million, loans stood at $6 million and domestic guarantees at $2.3 million.

 Top stories
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
Partner news