Wednesday, July 6, 2022
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Armenia government debt grew 8,84% in one year – official statistics

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EDITOR'S CHOICE

According to preliminary data, Armenia’s government debt (internal and external) as of 2020 December 31 totaled 7 billion 968 million 486 thousand US dollars against 2019’s 7 billion 321 million 256 thousand US dollars – growing 647 million 230 thousand dollars or 8,84%, the Statistical Committee reported.

As of last year’s December, external debt amounted 6 billion 53 million 147 thousand dollars – growing 268 million 629 thousand dollars or more than 4,64% in one year, which includes the government debt that amounted 5 billion 593 million 202 thousand dollars (12-months growth totaled more than 298 million dollars or nearly 5,63%, while the Central Bank’s debt totaled 459 million 944 thousand dollars (compared to 2019’s December 31 decreased by 29 million 373 thousand dollars or 6%).

Internal debt amounted 1 billion 915 million 340 thousand dollars (growing 378 million 601 thousand dollars or more than 24,6% – from which 1 billion 834 million 773 thousand dollars of obligations in terms of state treasury bonds acquired by residents grew more than 422 million dollars, while the resident-acquired foreign currency state bonds debt totaled 80 million 567 thousand dollars (decreasing by 43 million 402 thousand dollars).

Ara D. Kassabian CPA, based in Glendale, California, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Making it quick and easy to file your taxes.

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Ara D. Kassabian CPA, based in Glendale, California, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Making it quick and easy to file your taxes.

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