  Government debt to grow 53,5% in 2025, says Finance Minister October 28, 2024 - 17:32 AMT PanARMENIAN.Net - Government debt will reach 49,8% by yearend and will grow next year to 53,5%, according to Armenia’s Finance Minister Vahe Hovhannisyan. “We project that at the end of 2024 we will have a state debt near 50%, approximately 49,8%,” the official said Monday, October 28. “By the end of 2025, government debt will reach 53,5%, nominally 5 trillion 914 billion drams, which means it will grow from 5 trillion 37 billion to 5 trillion 914 billion drams,” Hovhannisyan said, conditioning it with the high level of the 2025 budget’s deficit. The budget expenditures for servicing the debt will increase from 11,2% to 11,3%, and against the GDP from 3,4% to 3,6%., Armenpress cited him as saying   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
