Zhoghovurd newspaper of the Republic of Armenia (RA) writes as follows, in part: The RA national debt continues to grow.

Zhoghovurd daily was informed by the RA Statistical Committee that the RA national debt as of June 30, 2024 was 4,718.9 billion drams (12.2 billion US dollars), of which 2,424.4 billion drams (6.3 billion US dollars) was foreign debt, 2,294.6 billion drams ( 5.9 billion US dollars)—domestic debt.

Compared to the same period last year, the RA national debt has increased by 9.5% in [US] dollar terms, and by 10.0% in [Armenian] dram terms.

Government debt has had the same trends; increased by 10.3% in [US] dollar terms, and by 10.8% in [Armenian] dram terms.

First of all, let's record as a fact that the repayment term of the loans received after 2018 is 25 years, almost until 2050; more specifically, the terms are extended until the end of the 2050 strategy for the transformation of Armenia. This is not a coincidence, but a well-thought-out strategy.

Thus, Armenia has 13 loans from the European Bank for Reconstruction and Development, with terms of 25, 15 and 19 years.

1 loan starts from 7 million 400 thousand euros to 236 million euros, almost 101 billion drams.

The interesting thing is that the burden of the taken loan is tangible, but the significant result of the programs is not visible; the national debt [of Armenia] has exceeded the permissible limit, the [state] budget deficit has exceeded 288 billion [drams] (...).