As of April 30, the foreign debt of the government was 4,329,200,000 USD which is up by 19.6 billion dollars since last month.
The domestic debt was 1,185,000,000 USD as of the end of April, and 1,168,700 USD. The domestic debt is up by 16.3 million USD.
During 9 years of presidency under Serzh Sargsyan, Armenia`a state debt had risen continuously. The above mentioned amount was 1.9 billion dollar in 2008, but now it has reached its peak - 6 billion dollar. It is projected that until the end of the year the total sum of the public debt will reach 6.5 billion USD.
During the period under Prime Minister Karen Karapetyan, Armenia`s state debt reached 552.5 mln USD. The current situation seems very serious from the first sight. If the country`s economy boosts as Karapetyan says, then why the state debt continues to rise?
As a result, in order to realize economic projects Armenia has to take on debt. However, the government`s efforts are fruitless. Researches show that the money taken as debt is distributed as a bribe and embezzled by the state officials.
According to the quarter 2017 results, 33.4 billion USD was spent from domestic sources and 14.2 billion USD from external sources for financing budget deficit .
Sargsyans`s "successful" presidency - Public debt of Armenia totaled 6.37 million USD
16 May 2017
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Armenia`a state debt surpasses 6 billion dollars. The worsening of the economic situation is considered as a major threat in terms of the acceleration of the Armenian peoples` migration. The public debt of the Republic of Armenia as of May 1 was 6,037,400,000 USD. The debt of the Armenian government in the public debt of Armenia is 5,514,300,000 USD. The debt of the government is up by 36 million dollars.
