ArmInfo.By the end of 2018, the state debt of Armenia, according to the law "On the State Budget of Armenia for 2018", should have amounted to about $ 7.2 billion. However, according to the forecasts laid down in the draft budget for 2019 as of December 31, 2018, the national debt of Armenia will total $ 7.053 million, while according to some estimates of the Ministry of Finance, the figure will slightly exceed $ 6.9 billion. As Acting Minister of Finance of Armenia Atom Janjughazyan told ArmInfo's correspondent correction of expectations is primarily due to a reduction in a number of credit programs.
Thus, having completed 2017 with a public debt in the amount of $ 6.774 billion, by the end of August, the figure stood at $ 6.740 billion. Thus, judging by the figures, in nominal terms, the national debt of the republic for January-September this year not only did not grow, but also decreased by $ 34 million. Meanwhile, in the current fiscal year, Armenia planned to raise funds in the amount of $ 446 million, of which $ 31 million through the Central Bank.
According to the chief financial expert, during the year Armenia attracted less foreign borrowing than it had planned, and the planned programs also have a lower degree of fulfillment. In addition, the huge share of foreign debt in gross debt and its multi-currency make the "physical dimensions" of the national debt of Armenia dependent on currency fluctuations - SDR, EUR, JPY, AED, CNY versus the dollar.
To note, starting from 2009 to 2014, Armenia steadily increased its state debt by an average of about $ 245 million: in 2009, as of December 31, the state debt amounted to $ 3, 367.2 million, in 2010 - $ 3, 805.1 million. (an increase of $ 437.9 million), in 2011 - $ 4,134.7 million (with an increase of $ 329.6 million), in 2012 - $ 4, 372.1 million (an increase of $ 237.4 million), in 2013 - $ 4,588.5 million. (an increase of $ 216.5 million), in 2014 - $ 4,441.5 million. (an increase of 248.3 billion drams, and in dollar terms a decline of $ 147 million). Already since 2015, the indicator began to grow by leaps and bounds - by the end of 2015, reaching a bar of $ 5077.7 million, while registering an increase of $ 636.2 million. The trend continued and in 2016 - providing growth by $864.4 mln. As a result, the figure reached $ 5,942.1 million. By the end of 2017, the cumulative state debt of Armenia rose to $ 6,774.6 million, instead of the figure laid out in the "Budget-2017" figure of $ 6.512 billion.