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Armenia National Debt Close to $7bn at end of 2018

Dialogu.am

The national debt of Armenia amounted to 3 trillion 279.6 billion drams on December 31, 2017, whereas 3 trillion 349 billion drams, or 6 billion 922.9 million US dollars—on December 31, 2018.

Basically, the national debt grew by 69.4 billion drams (2.1%), or by 148.3 million dollars (2.2%), in a year.

In the current year, about $300 million will be allocated to repay the national debt.

Also in 2019, the Armenian government plans to borrow about $490 million in loan and pay off $175 million in debt.

To note, however, even though the national debt growth rate in Armenia continues to be higher than the GDP growth rate in the country, this negative difference is reducing ever since 2016.

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