ArmInfo.rmenia has no problems with servicing the public debt. Armenian Prime Minister Nikol Pashinyan said this on March 19 at a press conference in Yerevan. As ArmInfo was told in the State Debt Management Department of the Ministry of Finance of Armenia, in 2019 Armenia will pay about 356.9 billion drams ($ 733 million) to repay and service the government debt, which at the end of 2018 amounted to $ 6,372.9 million. ).
In particular, of the 356.9 billion drams, 198.9 billion drams will be allocated to pay off the principal amount of the debt (85.2 billion drams in the external debt line and 113.7 billion drams - in the domestic), and 158 billion drams to pay interest payments . At the same time, if from 2009 to 2016, 4.2% of state treasury expenses went on average to pay interest payments, then in 2017 the figure rose to 8.1%, and this year it will be 9.6%. Of these, 89.2 billion drams will go to cover interest payments on foreign debt and 68.8 billion drams - on internal debt. In 2018, 139 billion drams were allocated for the payment of interest payments (instead of the actual 122.1 billion drams for 2017), namely, 75 billion drams in foreign debt, and 64 billion drams in domestic debt.
The largest external creditors of Armenia are the World Bank (WB) represented by the International Development Association (IDA), which accounts for 25.9% of foreign loans and another member of the WB Group - International Bank for Reconstruction and Development (IBRD) - 16.5%. On the list of major lenders is also the Asian Development Bank (ADB) with 17.1% and the Eurasian Development Bank (EDB) -7.4%. Among the countries of creditors, Russia is leading - 7.6%, Japan - 5.6% and Germany - 5.1% and France - 3.1%, while China and the USA credited Armenia in the amount of 0.5% and 0.4% respectively. According to the schedule of repayment of government debt until 2054, 2020s and 2025s will be the most peak in servicing the public debt. In 2020, Armenia will have to "pay" about 417 billion drams or $ 857 million (the estimated exchange rate of the Armenian dram against the dollar $ 1 = 486.55 drams) to repay the principal amount on all government debt generated at the end of December 2018, and in 2025 issue price will be about 406 billion drams ($ 834 million). In both cases, the redemption of Eurobonds is $ 500 million of this amount. Thus, as experts say, in 2020, before the next payment on the debt, Armenia will decide on the next, already the 3rd issue of Eurobonds.