“Armenia’s national debt is accurately managed controlled up to acceptable limits,” RA Minister of Finance Tigran Davtyan stated.

National debt law enables to augment the debt up to 60% of GDP, however there is a limit of 50% and once reaching it, certain restrictions are applied. Particularly budget deficit should not exceed 3% of GDP. Davtyan considers there are no grounds for concern as Armenia’s national debt has not reached this limit. “The microeconomic stability in Armenia is maintained. We have a clear program of debt servicing till 2025, which we stick to,” Davtyan concluded.