AMD 260 billion will be allocated for servicing the government debt, Finance Minister Tigran Khachatryan told a budget discussion on Wednesday, July 13.

According to Khachatryan, public debt has been estimated to amount to AMD 5 trillion 246 billion in 2023, which will makes up 58% of the gross domestic product of Armenia.

In 2023, the state debt will be serviced from domestic sources with AMD 255 billion, the Minister said, adding that borrowed funds will also be involved for debt service.

Khachatryan noted that previously the foreign currency dominated the structure of the state debt, but now the Armenian dram is occupying its place as well.