Thursday, October 18 2012 20:41

Armenia has no problems with servicing its foreign debt


ArmInfo. Armenia has no problems with servicing its foreign debt, Armenian Finance Minister Vache Gabrielyan said during a press-conference on Thursday.

He said that in 2013 the government will spent almost $220mln for servicing the debt. With the Central Bank's payments inclusive, the sum will make up $420mln. "This will not affect the other expenses. We have enough international reserves for servicing our foreign debt," Gabrielyan said.

Sept 27 the Armenian Government approved draft budget 2013, where deficit is 2.6% and GDP growth is 6.2%. By the end of this year Armenia's foreign debt will total $3.8bln, by the end of 2013 $4bln.
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