By the end of 2025, Armenia`s public debt to increase by nearly 900  billion drams- Minister of Finance

ArmInfo.By the end of 2025, Armenia's public debt will increase by nearly 900 billion drams,  rising from 5 trillion 037 billion to 5 trillion 914 billion drams. 

This was stated by RA Minister of Finance Vahe Hovhannisyan, during a  meeting of the RA National Assembly Committee on Economic Issues on  November 6.  According to him, a total of  $1.247 billion in loans is  planned to be attracted in the next financial year. 

Additionally, 290.6 billion drams, approximately equivalent to $750  million, will be allocated to repay the debt of the RA government.  Furthermore, the minister noted that in 2025, through the issuance of  new Eurobonds totaling $500 million, the remaining balance of $313.2  million on previously placed Eurobonds will be fully repaid. The  country's budget deficit will increase by approximately 600 billion  drams. The Ministry of Finance has included a calculated exchange  rate of 420-430 drams per dollar in the state budget.