 ARFD MP worried about Armenia debt; minister says more to come June 26, 2017 - 12:55 AMT PanARMENIAN.Net - Lawmaker from the Armenian Revolutionary Federation - Dashnaktsutyun (ARFD) Armenuhi Kyureghyan on Monday, June 26 expressed concern over Armenia’s growing government debt. Finance minister Vardan Aramyan said, in response, that Armenia will continue borrowing in the future. “If your income is not enough to cover your expenses, you have to borrow,” Aramyan explained. “If I am able to make the economic growth exceed the debt, I will need to borrow. The debt-to-GDP ratio must stabilize due to GDP growth,” Aramyan added, citing the Greek government-debt crisis as an example of an incorrect policy. The government debt amounted to $5.9 billion in 2016, including $4.3 billion in external debt. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
