ARMENIA’S FOREIGN STATE DEBTS TO MAKE UP AMD 3.5 BILLION BY THE END OF 2010
PanARMENIAN.Net
10.11.2009 13:36 GMT+04:00
/PanARMENIAN.Net/ By the end of 2010, Armenia’s foreign state debts
will make up AMD 3 billion, Gagik Minasyan, Chair of NA Committee on
Financial-Budgetary Affairs, told today a news conference in Yerevan.
In that connection he said that Armenia’s 2009 foreign state debts
comprise AMD 3 billion instead of the AMD 1.5 billion registered last
year and is expected to increase to AMD 3.5 billion by the end of 2010.
With regard to GDP – foreign debt ratio, Head of parliamentary
committee said it will make up 31% by the end of 2009 instead of the
13% registered last year and will increase to 41% in 2010.
Maximum ratio, in accordance with international norms, should not
exceed 50% barrier, Minasyan added.
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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