 Armenia debt-to-GDP ratio to drop 1% in 2018, minister says January 9, 2018 - 17:26 AMT PanARMENIAN.Net - Armenia’s debt-to-GDP ratio will drop by 1% in 2018, finance minister Vardan Aramyan said at a meeting with president Serzh Sargsyan on Tuesday, January 9. According to him, the country implemented fiscal consolidation in 2017 to slow down the growth of the debt-to-GDP ratio, ultimately managing to twice decelerate the rate of growth. According to the National Statistical Service, Armenia’s government debt stood at AMD 3.1 trillion (apx. $6,4 billion, including $5,1 billion of external debt) as of November 30, 2017. Armenia had a debt-to-GDP ratio of 58.8% in 2017, up by 2.2% in the previous year.   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 Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia. |
