World Economy

Armenia Public Debt at 56.8% of GDP

Armenia Public Debt at 56.8% of GDPArmenia Public Debt at 56.8% of GDP

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.  Speaking at a news conference, Aramyan said in the outgoing year the country’s public debt is worth $5.9 billion, or 55.5% of GDP. 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.


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