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SHARE OF ARMENIA'S PUBLIC DEBT IN 2015 GDP TO MAKE 42.2 PERCENT - DEPUTY MINISTER
YEREVAN, December 15. / ARKA. The share of Armenia's public debt in
the overall 2015 GDP will be 42.2%, deputy finance minister Pavel
Safaryan said today during an extraordinary session of the parliament.
He said the 2015 GDP is estimated to be 4.5 trillion drams. According
to Safaryan, the share of the state debt in the overall GDP in 2015
will be 0.6 percent higher from late 2014. According to him,
Armenia's state debt is within the Maastricht criteria, which set
the tolerable upper limit of public debt to GDP at 60%. He said there
will be no debt-payment risks 'because the government will repay the
loans in full and on time.'
According to the National Statistical Service, Armenia's total public
debt at the end of October 2014 stood at $4.464.7 billion, an increase
of 0.34% or $15.2 million over the previous month.
The external public debt during the reporting month increased by 0.2%
or $7.9 million, reaching $3.731.5 billion at the end of October.
Armenia's overall public debt in 2013 made 44% of the total GDP. ($
1 - 462.81 drams). -0-
http://arka.am/en/news/economy/share_of_armenia_s_public_debt_in_2015_gdp_to_make _42_2_percent_deputy_minister/#sthash.yCqSgwhd.dpuf
YEREVAN, December 15. / ARKA. The share of Armenia's public debt in
the overall 2015 GDP will be 42.2%, deputy finance minister Pavel
Safaryan said today during an extraordinary session of the parliament.
He said the 2015 GDP is estimated to be 4.5 trillion drams. According
to Safaryan, the share of the state debt in the overall GDP in 2015
will be 0.6 percent higher from late 2014. According to him,
Armenia's state debt is within the Maastricht criteria, which set
the tolerable upper limit of public debt to GDP at 60%. He said there
will be no debt-payment risks 'because the government will repay the
loans in full and on time.'
According to the National Statistical Service, Armenia's total public
debt at the end of October 2014 stood at $4.464.7 billion, an increase
of 0.34% or $15.2 million over the previous month.
The external public debt during the reporting month increased by 0.2%
or $7.9 million, reaching $3.731.5 billion at the end of October.
Armenia's overall public debt in 2013 made 44% of the total GDP. ($
1 - 462.81 drams). -0-
http://arka.am/en/news/economy/share_of_armenia_s_public_debt_in_2015_gdp_to_make _42_2_percent_deputy_minister/#sthash.yCqSgwhd.dpuf