Armenia's state debt amounts to 5 trillion 318 billion drams, 4,4% increase – says finance minister

Armenia’s state debt amounted to 5 trillion 318 billion drams as of March 31, Finance Minister Vahe Hovhannisyan has said. 

“As of March 31 the state debt amounted to 5 trillion 318 billion drams, which has increased 4,4% compared to December 31 last year. With results of 2024 the state debt-GDP decreased 0,1 percentage point,” he said at a press conference.

The involvement and volumes of debt is conditioned by the state budget and mid-term debt strategy, he said.

The share of domestic debt increased in the total debt, reaching the level of 50%, a rather “good” indicator, according to the minister.

“In countries like ours the domestic debt amounts to 20-30%. We had the same level, in recent years we were able to increase this share, which somewhat mitigates the currency risks,” Hovhannisyan said.