Armenia’s state debt jumps to over $4.5bn in one month

11:56 • 02.08.14
Economy

Armenia’s total state debt increased by 0.13% (or $6,26,000) to 4,556,900 US Dollars in June, with the foreign debt seeing a decline against the backdrop of the surging domestic debts.


Sources from the National Statistical Service have told the state news agency Armenpress that the foreign state debt decreased by 15,700,000 US Dollars to 3,850,400,000 Armenian Drams (approx $9,500,000) in the above period.


Most of the foreign debt– 3,373,200,000 US Dollar – falls to the lot of the Government, with that of the Central Bank amounting to 477,300,000 US Dollars.


As for the domestic debt, it reached 706,500,000 US Dollars at the end of June (surging by $21.7m). Most of the money – 671,700,000 US Dollars – is due to the state bonds purchased by residents.


The state bonds in foreign currencies amounted to 26,500,000 US Dollars, with the loans and credits making up 6 million and the domestic guarantees – 2.3 million.
 

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