Navigate
X
    Emil Lazarian
  • 2 years ago
    • Categories: 2023

State debt grows 6,4% in nine months

 10:56,

YEREVAN, NOVEMBER 27, ARMENPRESS. Armenia’s state debt grew 6,4% in the nine months of 2023 and amounted to 4 trillion 454 billion drams, Deputy Finance Minister Vahan Sirunyan told lawmakers Monday.

“Armenia’s state debt grew 6,4% in nine months of 2023 in drams and dollars expressions,” he said at a parliamentary committee discussion on the state budget performance.

Sirunyan said that the debt grew proportionally because the currency rate didn’t fluctuate significantly compared to the previous yearend.

“The Central Bank’s debt decreased, while the government’s debt increased around 7%. The state debt is 4 trillion 454 billion drams. The government’s debt stood at 4 trillion 244 billion drams against the previous yearend’s 4 trillion 186,7 billion drams, the foreign debt was 2 trillion 354 billion drams, while the internal debt was 1 trillion 890 billion drams,” he said.

In terms of debt management, Armenia is now within the defined guidelines.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS