The dynamics of the state debt allows us to conclude that the risks are manageable. We have no unforeseen or unexpected negative change. Minister of Finance Atom Janjughazyan said this in a briefing with journalists today after the government session.

“Increases and decreases are recorded during the year. One month there may be a trend of growth and one month a trend of decrease, but, as a rule, a judgment about the state debt is made based on the annual results, because that allows us to assess how the debt burden developed. From the point of view of debt development, our annual forecasts allow us not to talk about the uncontrolled growth of the debt burden,” said Janjughazyan.

The minister noted that it is assumed that the debt will increase in nominal terms, which, however, does not mean that an increase in the debt-GDP ratio is predicted. At the same time, he did not elaborate from which sources and what financial means will increase the state debt.

It should be noted that 2019 will be quite difficult from the point of view of repayment of the RA state debt. In 2018, the debt servicing amount was about 400 million dollars, and the “peak” will be 2019, when the debt repayment can reach about 800 million dollars. The main part of it is Eurobonds issued 5 years ago, which were placed in the financial market, and the deadline for the fulfillment of financial obligations is approaching.