Armenia's state debt close to $8bn

Armenia's state debt increased by $618,200,000 in the past seven months, coming close to the estimated ceiling of $8 billion, Tert.am has learned from the Finance Ministry's official website.

Against the $7,321,300,000 on December 31, 2019, it grew to $7,939,500,000 as of July 30. The estimated increase was thus $220,700,000 in July alone.

As of July 31, the state debt accounted for 58.1% of the gross domestic product (GDP).

Out of the total sum of $7,939,500,000,  an estimated $7,460,900 falls to the Government's lot; some $478,600,000 is the Central Bank's share. As for the external and internal debts, they amounted respectively to $5,576,700,000 and $1,884,300,000.