Thursday, April 9 2020 15:19
Alina Hovhannisyan

Armenia`s Deputy Prime Minister: I do not see problems in connection  with an increase in public debt

Armenia`s Deputy Prime Minister: I do not see problems in connection  with an increase in public debt

ArmInfo. Based on the current situation, I do not exclude and do not see problems in connection with a possible increase in public debt. Armenia's Deputy Prime  Minister Mher Grigoryan stated this at a press conference on April 9,  answering a question from journalists about, does he agree with the  opinion of the former Deputy Prime Minister on the need to increase  public debt.  <We need to think about this, but I believe that it is  too early to voice some decisions, indicators and deadlines on this  part>, he said. 

In this context, Grigoryan referred to the development of processes  throughout the world, which is why, according to him, takes some time  to make decisions and clarify anti-crisis steps. <Of course, we think  about it. There are certain scenarios. However, today I would not  want to voice any specific figures>, he concluded. 

To recall, according to preliminary data of the RA Ministry of  Finance, in March 2020 the state debt grew by 6% per annum - up to $  7.4 billion (3.5 trillion drams). In its structure, y-o-y growth of  both external debt - by 4% to $ 5.7 billion (2.7 trillion drams) and  internal - by 14.1% - to $ 1.6 billion (773.3 billion drams) was  noted.

By way of comparison, to note, a year earlier - by March 2019, these  indicators showed the following dynamics: external debt decreased by  0.6%, internal debt increased by 9.7%, which increased the total  public debt of Armenia by 1.4% per annum.

It should be noted that according to the updated Fitch forecast, in  Armenia the ratio of public debt to GDP will increase from 53.6% in  2019 to 59.2% in 2020, after which it will decrease to 56% in 2021.  Fitch notes that the dominant share of the state debt of Armenia is  nominated in foreign currency - 79%, which leads to the emergence of  currency risk.

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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

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СПРОС (Покупка)

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Средневзв. Цена

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Цена откр.

482,00

Цена закр.

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Макс. Цена

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Ср/взв. Цена

482,00

-0.16

Кол-во сделок

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Объем (инвал.)

200 000

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96 400 000