ArmInfo. The state debt of Armenia reached $ 6.1 billion (2.9 trillion drams) by June 2017, accelerating the annual rate of growth from 15.2% to 16%, which was provoked by a jump in the growth of domestic debt to 41% from last year's 22.7%, with a modest slowdown in the growth of the external Debt from 12.8% to 12%. As of June 1 this year. The external debt was $ 4.9 billion (2.4 trillion drams) or 80.3%, and domestic debt - $ 1.2 billion (563.9 billion drams) or 19.7%.
According to preliminary data of the RA Ministry of Finance, provided by the ArmInfo National Statistical Service, in January-May 2017, Armenia's national debt grew by 2.1% due to an increase in external debt by 2.5% and the same increase in domestic debt. A year earlier, in January-May 2016, the growth rates for general government debt and domestic debt were higher - 4% and 10.1%, respectively, and on the outside, on the contrary, more modestly, 2.3%.
The degree of coverage of foreign debt with gold and foreign exchange reserves decreased in January-May 2017 from 45.9% to 40.3%, against 34.6% a year earlier. International reserves in the annual section increased by 29.4%, but only in January-May of this year decreased by 10.1%. In the structure of external debt, 88.8% or $ 4.4 billion fell to the government, and the remaining 11.2% or $ 550.9 million - to the Central Bank, against 88.6% and 11.4% a year earlier. Moreover, the government's external debt accelerated the annual growth rate from 11.4% to 12.8%, and the increase in the Central Bank's debt turned out to be similar to last year's dynamics - 12.6%. Only for January-May, 2017, the external debt of the Central Bank grew by 9.2% more than government - 2.3%, against almost the same growth in January-May 2016 - 2.7% and 2.6%, respectively. In the structure of the internal state debt, state bonds dominate - in January-May 2017, their share fell from 91% to 88.9% ($ 1.04 billion or501.1 billion drams), with an annual increase in the absolute value of 39.6%. Then followed the Armenian Eurobonds - $ 121.3 million or 58.4 billion drams, the share of which increased in January-May 2017 from 8.4% to 10.4%, with an annual increase in the absolute value of 42.5%, and only in January-May - on 26.9%. The rest is accounted for by state guarantees- 0.7% or $ 9 million with an annual growth of almost 5 times, but only in January-May - by 28.6%. A year ago, as of June 1, 2016, the share of state bonds in the internal state debt was 89.6%, Armenian Eurobonds - 10.2%, and guarantees - 0.2%.
It should be recalled that for the whole of last year, Armenia's total public debt grew by 15.7% to $ 5.9 billion, in particular, foreign debt - by 11.6% - to $ 4.8 billion, and domestic - by 49.7% - to $ 1.14 billion Against $ 761.5 million in 2015).
Recall that due to the growing national debt and high migration, the specific debt load per capita reached $ 2,000 by January 1, 2017, of which over $ 1.6 thousand fell to the share of external debt (against $ 550 in 2009). Taking into account the real scale of migration, the burden of public debt per capita would be much higher (according to the statistical data for 2011-2016 the population of the RA decreased from 3.274 million to2.987 million). As a result of 2016, the share of national debt in Armenia's GDP was 56.6%, compared to 48.7% in 2015, and only in terms of external debt, the share in GDP increased from 41.4% in 2015 to 45.8% in 2016. Armenia's GDP growth slowed in 2016 to 0.2% from 3.2% in 2015.
