Armenia`s foreign debt exceeded 4.1 bln USD by November 1 2015

ArmInfo. Due to growth of Armenia's domestic debt in Jan-Oct 2015 by 9.6% in parallel with growing of foreign debt by 8% Armenia's total state debt increased by 8.2%.  The Government and the Central Bank's foreign debt obligations grew by 8% each for the period under review, while in the structure of domestic debts the obligations in Armenian Euro bonds grew significantly (2-fold). In Jan-Oct 2014 foreign debt declined by 2.8%, while the domestic debts grew by 7.9%, which resulted n total state debt fall by only 1.2%.

By preliminary data of the Finance Ministry provided to ArmInfo by the National Statistical Service, Armenia's total state debt reached 2.282 tln drams or 4.827 bln USD, wherein foreign debts are 85.1% or 1.941tln drams (4.105 bln USD) and domestic debts 14.9% or 341.5 bln drams (722.2 mln USD). Government's foreign debt obligations totaled 3.628 bln USD and the Central Bank's 477.231 mln USD. For the 10 months of 2015 the Government and the Central Bank's share in the foreign debt has nearly not changed 88.4% and 11.6% respectively (versus 88% and 12.1% in 2014). Government bonds declined from 92.8% to 88.4% of the total domestic debt of the government from versus 93.7% for 10 months of 2014. In absolute term, the government bonds grew 4.3% to 301.9 bln drams (638.5 mln USD). Armenian Eurobonds increased from 6.2% to 11% (vs. 5.2% in 2014) of total government bonds (doubled in absolute terms to 37.7bln drams or $79.7mln). Trade loan declined from 0.6% to 0.3% (vs.0.8% in 2014) of total government bonds (down 50.2% in absolute terms to 945.6 mln drams or $2 mln). The remaining are guarantees that were left unchanged - 0.3% of total (declining 6.2% in absolute terms to 956mln drams or $2.02mln).