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Armenia's National Debt $4.369bn

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  • Armenia's National Debt $4.369bn

    ARMENIA'S NATIONAL DEBT $4.369BN

    TERT.AM
    16:00 ~U 04.02.13

    Armenia's national debt totaled $4.369bn last year - 42.6% of the GDP.

    Armenia's external debt totaled $3.792bn - 36.5% of the GDP. The
    domestic debt totaled $631m - 6.2% of the GDP.

    At his meeting with journalists on Monday, Chief Treasurer Atom
    Janjughazyan reported that Armenia's national debt totaled $4.129bn in
    2011, with its external debt totaling $3.568bn and domestic debt $560m.

    The ratio of Armenia's national debt to GDP has not essentially
    changed. In 2011, the ratio of Armenia's external debt to GDP was
    36.4%, and that of domestic debt to GDP 5.7%.

    With respect to the amount of debt, Armenia remains a small-debt
    country and is not a risky country with regard to debt management.

    As regards changes in Armenia's national debt, Mr Janjughazyan said
    that it has not changed much since 2009.


    From: Baghdasarian
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