Monday, December 24 2012 17:52

Armenia's Finance Ministry predicts state debt growth up to $4, 374 billion or 31,1% of GDP by 31 December 2012


Arminfo. Armenia's Finance Ministry predicts state debt growth from $4.128 billion up to $4,374 billion or 31,1% of GDP by 31 December 2012, Finance Minister Vache Gabrielyan said at today's press-conference.

He said that the debt of the government will grow from $3,511 bln up to $3,750 bln, including foreign state debt from $2,950 bln up to $3,150 bln. He also added that in 2013 the ratio of external debt to GDP will not grow, as repayment will be made though new credits will be also attracted.
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