Monday, December 25 2017 19:57
Naira Badalian

Ministry of Finance: In 2018, Armenia`s external borrowing will amount to $ 411 million.

ArmInfo. In 2018, Armenia's external borrowing will amount to $ 411 million. For servicing the state debt of Armenia, $ 307 million is planned for the next year. "Armenia is in good standing from the point of view of the effectiveness of public debt management from its international partners," Samvel Khanvelyan, the head of the department-deputy head of the Department of State Debt Management at the RA Ministry of Finance, said on December 25 presenting Armenia's external borrowing program for 2018.

According to Khanvelyan, $ 411 million, $ 99 million or 48 billion drams will be attracted for the purpose of implementing budget assistance programs, and $ 312 million or 151 billion AMD will be directed to targeted programs.

The bulk of the planned borrowing - $ 150mln will be spent on the implementation of energy programs, of which $ 114mln for the modernization program of the Armenian NPP. $ 73 million will be allocated for road construction, in particular $ 34 million for the implementation of the investment program for the North- South transport corridor. The financing of irrigation programs will amount to $ 34 million, $ 28 million will be raised for educational and social programs, $ 8 million for water supply and $ 20 million for other targeted programs.

In the structure of borrowings planned for 2018, 30.5% of the funds will be attracted from the Russian Federation ($ 125 million), 26.1% ($ 107 million) from the Asian Development Bank (ADB), 14.8% ($ 61 million) Bank of Reconstruction and Development, 12.9% or $ 425.5 million of funds expected from Germany, 4.3% ($ 18 million) from the European Investment Bank (EIB), 2.8% ($ 12 million) from France, 8.5% % - other funds of other creditors. The unused loan balance as of December 31, 2018 will be $ 1.5 billion.

Earlier, ArmInfo reported that in the budget for 2017 in the state debt line, the authors of the document fixed an indicator of $ 6.512 billion or 57.3% of GDP. However, by the end of 2017, Armenia's aggregate state debt, according to the budget message for 2018, will increase from the forecasted $ 6.813 billion (according to the results of 2016) to the forecasted $ 6.813 billion and will make 60.3% of GDP, instead of the indicator set in the "Budget-2017" $ 6.512 billion or 57.3% of GDP. Thus, over the year Armenia will increase the debt burden by $ 871 million. In 2016, $ 546.5 million was spent on servicing the government debt - repayment at interest rates and principal amount of loans, government bonds and other financial instruments, then this year the government will spend $ 586 million (at an estimated rate of US $ 475.36 others). According to the State Debt Strategy for 2018-2020, in 2018 it is planned to allocate $ 666 million for debt service, $ 710.7 million in 2019, and $ 1.37 billion for 2020. (at an estimated rate of 1 US dollar / 483.83 others). ArmInfo analysts believe that the growing external debt and high migration in Armenia increasingly deepen the specific debt burden per capita to $ 2.1 thousand by July 1, 2017, out of which $ 1.7 thousand comes from external debt. According to various estimates, by the end of 2017 this figure will be $ 2,240 and this is only taking into account official statistics on the number of the resident population of the country (2.9 million people).

POST A COMMENT
Input digits     


News
The first round of negotiations on free trade agreement between EAEU  and Egypt to be held in January 2019The first round of negotiations on free trade agreement between EAEU  and Egypt to be held in January 2019
Outflow of private transfers from Armenia is growing at an  accelerated paceOutflow of private transfers from Armenia is growing at an  accelerated pace
Armenia participates in international Middle East exhibition of  natural and organic products in DubaiArmenia participates in international Middle East exhibition of  natural and organic products in Dubai
Armenian government approved adjustments to draft budget for 2019:   both expenses and revenues increasedArmenian government approved adjustments to draft budget for 2019:   both expenses and revenues increased
Statements by members of government concerning income taxation of  transfers diverge: Pashinyan argues that this can not beStatements by members of government concerning income taxation of  transfers diverge: Pashinyan argues that this can not be
ACBA-Credit Agricole Bank summed up the Myacbabank marathonACBA-Credit Agricole Bank summed up the Myacbabank marathon
Chief tax officer of Armenia explained the initiative of taxing  remittances to individualsChief tax officer of Armenia explained the initiative of taxing  remittances to individuals
New Year`s Eve insurance product from VTB Bank (Armenia) and RESO  Insurance Company - New Year`s Eve insurance product from VTB Bank (Armenia) and RESO  Insurance Company - "Safe Rest"
SRC: There is no transfer taxation projectSRC: There is no transfer taxation project
 A. Mirzoyan: The idea of taxing incoming transfers to Armenia will  not be realized without wide public discussions A. Mirzoyan: The idea of taxing incoming transfers to Armenia will  not be realized without wide public discussions
"Acciona" Spanish company is interested in constructing wind power  plants in Armenia
Armenian President held talks with Leonardo company  Executive  DirectorArmenian President held talks with Leonardo company  Executive  Director
Economic Development Minister and Head of ADB Office in Armenia  Discussed Economic PerspectivesEconomic Development Minister and Head of ADB Office in Armenia  Discussed Economic Perspectives
CBA intends to continue monetary stimulus policyCBA intends to continue monetary stimulus policy
Electric Networks of Armenia CJSC intends to enter IPOElectric Networks of Armenia CJSC intends to enter IPO
Armenian Ministry of Finance proposes to leave unchanged tax on VATArmenian Ministry of Finance proposes to leave unchanged tax on VAT
Converse Bank was introduced at the annual Career and  Entrepreneurship Fair as the creator of a success storyConverse Bank was introduced at the annual Career and  Entrepreneurship Fair as the creator of a success story
Reduction of tax rates in Armenia will be reimbursed due to excise  taxes on cigarettes, drinks and taxes on gambling and expensive carsReduction of tax rates in Armenia will be reimbursed due to excise  taxes on cigarettes, drinks and taxes on gambling and expensive cars
Armenia is slowly but surely moving towards reducing income taxArmenia is slowly but surely moving towards reducing income tax
Project from Ministry of Finance: Micro-business to replace  self-employed and family entrepreneurship in ArmeniaProject from Ministry of Finance: Micro-business to replace  self-employed and family entrepreneurship in Armenia
Representatives of the National Association of Italian Developers  (ANCE) will visit Armenia to get acquainted with business and  investment environment on siteRepresentatives of the National Association of Italian Developers  (ANCE) will visit Armenia to get acquainted with business and  investment environment on site
For the first time, VTB Bank (Armenia), together with Sil Insurance,  launches insurance of mortgage loans prepaymentFor the first time, VTB Bank (Armenia), together with Sil Insurance,  launches insurance of mortgage loans prepayment
Armenian government refused to exempt sales of agricultural products  from VATArmenian government refused to exempt sales of agricultural products  from VAT
ARARATBANK launches ARARATBANK launches "New Year" campaign - cheap mortgage loans
Net profit of Armenian banks grew by 81.3% y -o-y up to $ 107.1  million over 9 months of 2018Net profit of Armenian banks grew by 81.3% y -o-y up to $ 107.1  million over 9 months of 2018
Breeding poultry farm Breeding poultry farm "Arzni" does not recognize the decision of the  regulator and will appeal against it
Ardshinbank is the winner of Eikon Award 2018 by Thomson ReutersArdshinbank is the winner of Eikon Award 2018 by Thomson Reuters
Tatul Manaseryan: The modest figures included in the country`s budget  for 2019 may be exceededTatul Manaseryan: The modest figures included in the country`s budget  for 2019 may be exceeded
The state initiative on amnesty of bad loans fines did not prevent  increase of overdue loans The state initiative on amnesty of bad loans fines did not prevent  increase of overdue loans 
Armenian government is negotiating to attract a new operator of  Teghut field development projectArmenian government is negotiating to attract a new operator of  Teghut field development project


Exchange rates
19.11.2018
RUB7.370.02
USD485.09-0.63
EUR554.263.55
GBP624.172.64
CAD368.50-0.31
JPY43.050.21
CNY70.050.04
CHF486.404.10

Experts
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and  non-creditworthy consumersFinombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers
Vahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distancesVahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distances
Gagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directionsGagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directions
Vitaly Nesis: Armenia is very promising from the geological point of viewVitaly Nesis: Armenia is very promising from the geological point of view
The market of OSAGO goes into virtual spaceThe market of OSAGO goes into virtual space
Ishkhan Mkhitaryan: ArCa and Mir complete the technological part of the project of interaction, business for banksIshkhan Mkhitaryan: ArCa and Mir complete the technological part of the project of interaction, business for banks
The second stage of implementation of the program for prolonging the lifetime of the power unit N2 of the Armenian NPP beginsThe second stage of implementation of the program for prolonging the lifetime of the power unit N2 of the Armenian NPP begins
Successful business is forging for years - to the jubilee of IC Successful business is forging for years - to the jubilee of IC "INGO Armenia"
Armen Shahnazaryan: The double increase in the insurance portfolio of EIAA ICJSC by the end of 2018 is quite feasibleArmen Shahnazaryan: The double increase in the insurance portfolio of EIAA ICJSC by the end of 2018 is quite feasible
Expert: Real estate market of Armenia started demonstrating weak  signs of recovery in I half-yearExpert: Real estate market of Armenia started demonstrating weak signs of recovery in I half-year
Amulsar: Ecology and РeopleAmulsar: Ecology and Рeople

Search by date

Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is  a decisive factorFRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures  Armenian MinisterSuren Papikyan: It`s safe now to do business in Armenia, assures  Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018Armenian state debt started reducing up to $6.7 bln to June 1 2018
Minister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two yearsMinister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two years
Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan 
German bank KFW urges Armenia to build power line in the direction to  GeorgiaGerman bank KFW urges Armenia to build power line in the direction to  Georgia
Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation 
IFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture MinistryIFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture Ministry
Rosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to RussiaRosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to Russia
Armenian nuclear power station has a resource for work for another 30  yearsArmenian nuclear power station has a resource for work for another 30 years
Premier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the countryPremier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the country
In Armenia, an online service has been activated that allows  calculating the cost of customs clearance of a carIn Armenia, an online service has been activated that allows calculating the cost of customs clearance of a car
Gyumri programmers won on hekaton Gyumri programmers won on hekaton "Innovative ideas for tourism development"
Armenian Lori opens a large international ski resortArmenian Lori opens a large international ski resort
A number of light and alcohol industry enterprises of Armenia will be  provided with state supportA number of light and alcohol industry enterprises of Armenia will be provided with state support
Expert: The attitude of Armenian public to the nuclear power industry is demonstrated not by the promiseExpert: The attitude of Armenian public to the nuclear power industry is demonstrated not by the promise