Panorama.am
21:59 28/09/2007
Maintenance expenses on foreign debt increasing
Expenses related to maintenance of the country’s foreign debt took 6.2
billion dram from the state budget during the first eight months of
this year. This statistic was announced by the finance ministry
concerning the country’s budget for the January-August period.
According to the same source, 4.1 billion dram was needed for the
country’s national debt, and 2.1 billion for foreign debt. This is an
increase of 10.4% over last year, by 581.4 million dram. Service
maintaining the foreign debt decreased by 14.6%, or 360.3 million
dram.
Ministry statistics show the foreign debt reaching 2261.26 million
dollars, an increase of 149.8 million dollars over March of this year.
State government agencies debts make up 48.08% of the national debt,
with 19.65% being private debts. 8.02% by credit institutions, 11.62%
by the trade banks, and 12.64% by other various foreign entities that
have invested in Armenia’s economy.
Source: Panorama.am