Armenia’s public debt of 38% will reach 45% of GDP till this year end, but according to international standards it’s not that high, as the peril point in international practice is over 60%, said RA Minister of Finance Tigran Davtyan during the question-answer in the Parliament today.

Thereafter, he explained the MPs that public debt comprises of foreign, internal and CBA’s debt. "The highest rate of current 38% falls to foreign debt — 28% of GDP. However under the international standards this is not a high percentage either, having the foreign debt upper ceiling at 50% and more.

In addition, Davtyan informed that RA Government drafted relevant arrangements in case the public debt exceeds 50% limit.

S.T.