19:52 GMT +317 October 2017

    Armenia's foreign debt to hit $1.2 billion in late 2005

    Get short URL
    0 0 01
    YEREVAN, October 17 (RIA Novosti, Gamlet Matevosyan) - Armenia's foreign debt will stand at $1.2 billion in late 2005, the deputy finance and economy minister said Monday.

    Atom Dzhandzhugazyan told a parliamentary session on the 2006 draft budget that Armenia's foreign debt would grow by $43.9 million year on year.

    He also said Armenia would repay $50.2 million and $10.9 million in interest next year. After that, he said Armenia's foreign debt would stand at $1.3 billion, or 25.1% of the planned GDP, in late 2006.

    "The republic will face no serious problems from the standpoint of foreign debt repayment," Dzhandzhugazyan said. "Armenia is considered a country with a medium and even low debt burden."

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment