Armenia public debt at 56.8 percent of GDPStaff Writer | December 27, 2016
Armenia’s overall public debt by the end of 2017 will amount to 56.8% of GDP, or $6.34 billion, according to Finance Minister Vardan Aramyan, ARKA reported.
Armenia Finance Minister Vardan Aramyan:
The minister added that Armenia’s domestic debt in 2016 was worth the equivalent of $1 billion, the debt of the Central Bank was $511 million, and the rest was the external debt.
Speaking about 2017, Aramyan noted that the domestic debt will increase approximately to $1.16 billion, that of the Central Bank will grow to $566 million, and the remaining will be external debt. ■