Monday, July 12 2021 17:33
Alina Hovhannisyan

Armenian government convened an extraordinary meeting to discuss a  four-year program to reduce public debt

Armenian government convened an extraordinary meeting to discuss a  four-year program to reduce public debt

ArmInfo.An extraordinary meeting of the Cabinet of Ministers of Armenia was held today behind closed doors. According to the government's announcement, the meeting  participants discussed the medium-term program of public spending for  2022-2024, as well as the program to reduce the state debt for  2022-2026.

To note, in January-May 2021, Armenia's public debt increased by $  848 million. - up to $ 8.816 billion (of which the government debt is  $ 8,317.6 million) or 76.3% of GDP. As of April 2018, that is, before  the "Velvet Revolution", the national debt stood at $ 6.867 billion.  Thus, over three years, the indicator increased by $ 1.949 billion.