Friday, March 30 2012 19:57
Gross foreign debt of Armenia up 1.2% to $7.4 bln over Q4 2011
ArmInfo. Over Q4 2011 the gross foreign debt of Armenia was up 1.2% or by $85.67 mln to $7426.94 mln by 1 Jan 2012. The gross foreign assets amounted to $4992.26 mln, having grown by 1.3% or $61.87 mln versus Q3 2011. As a result, the net foreign debt rose by 1% or $23.8 mln over Q4 2011 and amounted to $2434.68 mln.
According to the Armenian Finance Ministry's data provided to ArmInfo by the National Statistical Service of Armenia, 39.79% ($2955.41 mln, the whole amount almost completely being long-term loans) of the gross foreign debt fell on state governing system, 21.68% ($1610.34 mln, of which $815.47 mln were long-term loans, $645.38 mln were cash funds and deposits) fell on commercial banks, 16.03% ($1190.49 mln, of which $873.98 mln were long-term loans, $239.79 mln - short-term loans) - on the private sector, 10.15% ($753.58 mln, of which over 82% being long-term loans) - on monetary regulation bodies, and 12.35% ($917.12 mln) were direct foreign investments received by the enterprises engaged in various fields of economy.
According to the source, as of 1 Jan 2011 the gross foreign debt was $6204.43 mln (5.7% growth versus Q3 2010), gross foreign assets - $2518.77 mln (0.1% decline versus Q3 2010). As a result, the net foreign debt amounted to $3865.67 mln (11% growth versus 2010).
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