  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.   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 Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |
