As of June 30, the national debt of Armenia amounted to 4.5 trillion drams, of which 2.6 trillion is foreign and 1.4 trillion is internal debt. Finance Minister Tigran Khachatryan announced this Monday during the National Assembly debates on the state budget performance report for the first half of this year.

He noted that the national debt indicators have changed disproportionately compared to the end of 2021. Thus, in Armenian drams they became cheaper by 8.5 percent, whereas in US dollars they increased by 77 percent.

"This is due to the difference between the exchange rates of the US dollar and the Armenian dram at the end of 2021 and at the end of June 2022. At that time it was 15 percent. The [one] dollar exchange rate has dropped from 480.14 drams to 408.31 drams. As a result, during the first six months, Armenia's foreign national debt decreased by 539.8 billion drams compared to the end of last year, whereas the internal national debt increased by 165.5 billion drams," the minister clarified.

Thus, as Khachatryan noted, the national debt of Armenia as of June 30 was 3.8 trillion drams, of which the foreign debt is 2.4 trillion drams, and the internal debt is 1.4 trillion drams.