Share of national debt in Armenia`s GDP to lower next year 

ArmInfo.The share of the national debt in Armenia's GDP is expected to be 50.1%, Armenia's Deputy Minister of Finance stated in Parliament on December 9. 

Almost all countries are increasing their national debts. The  question is the debt/GDP ratio. In 2017, the share of national debt  is Armenia's GDP was 53.7%, in 2018, 51.2%, in 2019, 50.1% and in  2020, 63.5%.  In the last case, it was due to the pandemic and war. 

The government plans to reduce the share of national debt is  Armenia's GDP to less than 50%.  Specifically, next year the figure  is expected to be 49.8%. So the national debt management is not risky  and is properly controlled. 

As part of a joint budget assistance program based on the Fiscal  Stability and Financial Markets Development Program Policy, two loan  agreements were signed yesterday at the Finance Ministry of Armenia:  a 100mln Euro loan agreement between Armenia and the French  Development Agency (AFD) (two-tier) and a 100mln US dollar loan  agreement between Armenia and the Asian Development Bank. 

Armenia's Parliament on Friday ratified the government-submitted  draft agreements. 

By November 1, 2022, Armenia's national debt had totaled $10.1bln, a  10% growth this January-October.  The reason is a 56% growth in the  domestic debt (with a 50% growth in ten months), with a 9% decline in  the foreign debt (a 7.6% decline this Jan-Oct). as a result,  Armenia's foreign debt remained $6.1bln, with the country's domestic  debt being $3.9bln. The government's share in the foreign debt was  91.2% against 92.9% last January-October. the Central Bank's share  was 8.8% against 7.1% - $5.6bln and $538.6mln respectively.