Armenia’s public debt reaches $5.6 billion

  13 October 2016    Read: 1101
Armenia’s public debt reaches $5.6 billion
Armenia’s overall public debt at the end of September 2016 stood at $5.6 billion, having increased by 2.2% from the previous month, Arshaluys Margaryan, the head of a ministry of finance department in charge of pubic debt, AzVision.az reports citing the Armenian Media.
Of that amount $5 billion is owed by the government. It increased over the month by 4.9% or $240.4 million.

According to the Ministry of Finance, Armenia’s national debt by the end of 2016 will increase by $789 million to $5.867 billion. In late 2017 it will amount to $6.277 billion. The public debt to GDP ratio is expected to increase from 48.8% in 2015 to 54.1% in 2016 and 55.1% in 2017.

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