#DEBT
EDB analysts see no risks in Armenia's public debt level
As for Armenia's public debt, the Eurasian Development Bank (EDB) does not see any risks or reasons for concern, since the public debt is at an average level and even below the average for developing economies, said Marina Sobolevskaya, head of the EDB Country Analysis Center, during the presentation of the bank's macroeconomic forecast for 2025-2027.Armenia's total state debt stood at $11.2 billion at the end of November 2023
Armenia's total state debt as of November 30, 2023 stood at a little over $11.2 billion, having risen by $91.3 million from the previous month, while on December 31, 2022, it was worth $10.6 billion, according to the National Statistical Committee.Armenia to assume Artsakh's debt obligations - Finance Ministry
The Armenian Ministry of Finance has developed a plan to settle obligations of the government of the Nagorno-Karabakh Republic (NKR) and other NKR borrowers to Armenian financial institutions, which arose, among other things, during the 44-day war in Artsakh.Debt collection demands up to 2 million drams to be considered by notary offices in Armenia
From today banks, credit organizations, operators of power, water and telecommunication companies in Armenia will have to submit debt collection demands up to AMD 2 million to notary offices instead of courts, Head of the Supreme Judicial Council Karen Andreasyan said.Armenia seeks to cut its debt to Russia at the expense of funds paid for arms purchase
Armenian government is looking into ways to cut its debt to Russia at the expense of the funds paid earlier to Russia for the delivery of weapons, Prime Minister Nikol Pashinyan said on Friday, answering citizens' questions in a live broadcast.Nagorno-Karabakh president temporarily cancels seizure of debtors’ property
According to paragraphs 1 and 3 of a decree signed today by Nagorno-Karabakh president Samvel Shahramanyan, Nagorno-Karabakh Chief Enforcement Officer cancelled the seizure orders applied to the property and funds, confiscated in favor of the state and community budgets, state and community non-profit organizations and the foundations established by the state and communities.IMF expects Armenian government debt to remain below 50 percent of GDP in medium term
'While we expect central government debt to remain below 50 percent of GDP in the medium term, the outcome would depend upon the implementation of a gradual fiscal consolidation supported by prioritization of spending and revenue mobilization measures,' Head of Middle East and Central Asia Department at the International Monetary Fund (IMF), said in an exclusive interview with ARKA news agency.Projected growth for 2023 underpinned by significant increase in key investments- central bank
Speaking on Monday at the parliamentary hearings on the 2023 draft budget, Armenian Central Bank chairman Martin Galstyan said because of planned rise in capital expenditures and a drop in public debt the impact of the budget on aggregate demand will be neutral.News 1 - 20 of 95
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