YEREVAN. – At the end of this year we will have lower national debt than projected in the 2019 budget because we have lower rates on loan-based programs. Armenia’s Minister of Finance Atom Janjughazyan stated this during a press conference on today.
According to him, in addition, Armenia will have a relatively low national debt/GDP ratio.
"We had predicted, with the mid-term program for 2019-2021, that the national debt indicator would gradually fall below the 50% threshold," he said. “But in 2019 it will be over 50 percent. But now we expect it to be slightly above 49 percent by the end of the year. And with the 2020 budget, we expect the national debt/GDP ratio to be around 48.2 percent. "
He emphasized that Armenia is considered a country with less debt burden. "We were able to adjust the debt payment schedule for 2020," he said. "We were provided with funds that are more favorable and could be provided about four times more than we needed."