 Finance Minister assesses Armenia’s national debt as manageable June 30, 2011 - 18:03 AMT PanARMENIAN.Net - Armenian government approved 2012-2014 Strategic Program for National Debt Management at June 30 sitting in Vayots Dzor Province. The document envisages a national debt of USD 1.75 bln in 2011; USD 4 blin in 2012; USD 4.15 bln in 2013 and USD 4.3 bln in 2014. At present Armenia’s national debt ranges within 40-50% from GDP, without exceeding the level stipulated by the Law on National Debt. At the sitting, Armenian Minister of Finance Vache Gabrielyan assessed current situation with national debt as manageable, noting that economic growth might only be affected in case the debt ranged within 70% from GDP.   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 Narek Manasyan wins European Boxing Championships silver for Armenia  Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
