No default expected in Armenia in 2017 - banker
23.12.2016,
14:13
No default is expected in Armenia in 2017, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday.
YEREVAN, December 23. /ARKA/. No default is expected in Armenia in 2017, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday.
He said Armenia has domestic and foreign debts, but their sizes have not crossed the critical ceiling, also on international criteria.
Osipyan find it wrong to form negative outlooks at market. “I don’t think the country’s debts would create any problem,” he said.
According to the official statistical reports, the country’s foreign debt reduced by 1% or by $48.4 million in October, compared with the previous month, to $4 543.5 million.
About $4 044.5 million in Armenia’s public debt is the Armenian government’s debt (reduced by $41 million), and $498.9 million is the central bank’s debt (reduced by $7.4 million).
Armenia’s domestic debt grew by $58.9 million to $1 063.29 million, where government bonds bought by residents and bonds in foreign currencies amount to $971.6 million and domestic guarantees to $7 million.
In the government budget for 2016, the country’s public debt is projected to make up 49.4% of GDP and the ratio of foreign debt to GDP is projected at 42.8%.
The public debt in 2016 is expected to amount to $5.569 billion, where foreign debt will make up 86.6%. --0---
He said Armenia has domestic and foreign debts, but their sizes have not crossed the critical ceiling, also on international criteria.
Osipyan find it wrong to form negative outlooks at market. “I don’t think the country’s debts would create any problem,” he said.
According to the official statistical reports, the country’s foreign debt reduced by 1% or by $48.4 million in October, compared with the previous month, to $4 543.5 million.
About $4 044.5 million in Armenia’s public debt is the Armenian government’s debt (reduced by $41 million), and $498.9 million is the central bank’s debt (reduced by $7.4 million).
Armenia’s domestic debt grew by $58.9 million to $1 063.29 million, where government bonds bought by residents and bonds in foreign currencies amount to $971.6 million and domestic guarantees to $7 million.
In the government budget for 2016, the country’s public debt is projected to make up 49.4% of GDP and the ratio of foreign debt to GDP is projected at 42.8%.
The public debt in 2016 is expected to amount to $5.569 billion, where foreign debt will make up 86.6%. --0---
