 Armenia to allocate AMD 260 billion for servicing government debt July 13, 2022 - 15:37 AMT PanARMENIAN.Net - AMD 260 billion will be allocated for servicing the government debt, Finance Minister Tigran Khachatryan told a budget discussion on Wednesday, July 13. According to Khachatryan, public debt has been estimated to amount to AMD 5 trillion 246 billion in 2023, which will makes up 58% of the gross domestic product of Armenia. In 2023, the state debt will be serviced from domestic sources with AMD 255 billion, the Minister said, adding that borrowed funds will also be involved for debt service. Khachatryan noted that previously the foreign currency dominated the structure of the state debt, but now the Armenian dram is occupying its place as well.   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 Armenia PM meets Iran’s Supreme Leader in Tehran  Prime Minister Nikol Pashinyan had a meeting with Supreme Leader of the Islamic Revolution Seyyed Ali KhameneiRuling MP accuses opposition of “serving other countries' interests” Khachatur Sukiasyan has accused Armenia’s opposition of serving the interests of other countriesProtest leader vows to achieve departure of Armenian authorities According to Archbishop Bagrat, there is only one solution to the situation in Armenia.Heads of Armenian, Ukrainian parliaments hold virtual talks Alen Simonyan and Ruslan Stefanchuk held talks via video conference on Tuesday, May 21. |
