YEREVAN: ARMENIA’S FOREIGN DEBT TO HIT $1.2 BILLION IN LATE 2005
RIA Novosti, Russia
Oct 17 2005
Armenia’s foreign debt will stand at $1.2 billion in late 2005,
the deputy finance and economy minister said Monday.
Atom Dzhandzhugazyan told a parliamentary session on the 2006 draft
budget that Armenia’s foreign debt would grow by $43.9 million year
on year.
He also said Armenia would repay $50.2 million and $10.9 million in
interest next year. After that, he said Armenia’s foreign debt would
stand at $1.3 billion, or 25.1% of the planned GDP, in late 2006.
“The republic will face no serious problems from the standpoint of
foreign debt repayment,” Dzhandzhugazyan said. “Armenia is considered
a country with a medium and even low debt burden.”
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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