Armenia's national debt has amounted to 4 trillion 454 billion drams. Deputy Minister of Finance Vahan Sirunyan stated this in the National Assembly (NA), during the debates on the report on the performance of the state budget for the first nine months of 2023, at Monday’s meeting of the NA Standing Committee on Financial-Credit and Budgetary Affairs.
According to him, the national debt of Armenia—in currency and US dollars—increased by 6.4 percent in the first nine months of this year.
"It increased proportionally, as the exchange rate, in fact, did not fluctuate much compared to the end of the previous year. The Central Bank's debt decreased, whereas the national debt increased by about 7 percent. The national debt [of Armenia] has amounted to 4 trillion 454 billion drams. Compared to the 4 trillion 186.7 billion drams at the end of the previous year, the government's debt has amounted to 4 trillion 244 billion drams. The foreign debt has amounted to 2 trillion 354 billion drams, the domestic [debt]—1 trillion 890 billion drams," Sirunyan said.
Expressed in US dollars, the national debt of Armenia in the first nine months of 2023 has amounted to 11 billion 322 million dollars. The debt of the government is 10 billion 790 million dollars, and that of the Central Bank—531 million dollars.
According to the deputy minister of finance, all orientations regarding Armenia’s national debt have been generally maintained. The average interest rate increased by 0.7 percentage points compared to the end of last year. Overall, Armenia is within the limits of the established norms from the point of view of national debt management.