Friday, December 20 2019 16:35
Naira Badalian

Debt of Armenian government, having decreased by 1.4 pp, by  end  of 2020 will amount to $ 7.177 billion drams or 48.2% of GDP

Debt of Armenian government, having decreased by 1.4 pp, by  end  of 2020 will amount to $ 7.177 billion drams or 48.2% of GDP

ArmInfo.In 2020, 448.7 billion drams or about $ 942 million will be required to repay and service  the government debt of Armenia (the estimated dollar exchange rate to  the Armenian dram is 476.46). The head of the department for  accounting and servicing of the Department of Public Debt Management  of the Ministry of Finance of Armenia Artak Marutyan informed ArmInfo  about this.

Of these 448.7 billion drams, 280.6 billion drams will be allocated  to pay off the principal amount of the debt, and 168 billion drams to  pay interest rates. In particular, 47% will fall on the share of  treasury bonds of the Republic of Armenia, 17% - on Eurobonds and 37%  - on external loans. 123.2 billion drams ($ 159 million) will be  allocated for redemption and servicing of government bonds, of which  26 billion drams will be used to buy these securities. 164.2 billion  drams ($ 344.66 million) will be allocated for repayment and  servicing of external loans.

Meanwhile, the state debt of Armenia in 2020 will amount to $ 7.630  billion or 3.636 trillion drams (51.2% of GDP), against 3.492  trillion drams or $ 7.330 billion expected by the end of 2019 (53.2%  of GDP).  Meanwhile, in the law "On the State Budget of the Republic  of Armenia for 2019", the government debt indicator was projected at  $ 7.423 billion (3.612 trillion drams, the rate of the Armenian dram  to the dollar - 486.55 drams) or 53.5% of GDP. At the end of 2018,  the indicator was at the level of $ 6.9 billion.  At the same time,  government debt, compared to 2019, having decreased by 1.4 percentage  points, will amount to $ 7.177 billion or 3.419 trillion drams (48.2%  of GDP). By the end of this year, the indicator, according to the law  "On the state budget for 2020", will reach 3.257 trillion drams or $  6.836 billion.  "By the end of 2020, the average interest rate of  government debt will amount to 5.2%, and total service costs will be  similar to 2019 - at 2.4% of GDP," Artak Marutyan informed.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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