FOREIGN STATE DEBT OF ARMENIA GROWS BY 20.2% IN 2007
Noyan Tapan
March 11, 2008
YEREVAN, MARCH 11, NOYAN TAPAN. Armenia’s state debt (domestic and
foreign state debt) made 507 bln 156 mln drams in late 2007, including
domestic debt of 66 bln 303 mln drams against 57 bln 962.7 mln drams in
late 2006 and foreign debt of 440 bln 853.1 mln drams or 1 bln 449 mln
124 thousand USD against 1 bln 205 mln 635 thousand USD in late 2006.
According to the RA National Statistical Service, in the structure of
Armenia’s domestic state debt, the debt on short-term state bonds made
7 bln drams (against 7 bln 699.6 mln drams in late 2006), the debt on
medium-term coupon bonds with partial redemption made 47 bln 421.2 mln
drams (against 38 bln 87.8 mln drams), the debt on long-term coupon
bonds made 11 bln 710.6 mln drams (against 12 bln 175.4 mln drams),
while the debt on saving bonds made 171.4 mln drams (there were no
such bonds in circulation in late 2006).
The foreign state debt of Armenia grew by 20.2% as compared with
late 2006.
In late 2007, the RA government’s debt made 1 bln 277 mln 355 thousand
USD (against 1 bln 36 mln 863 thousand USD in late 2006), the debt
of the Central Bank of Armenia (CBA) made 167 mln 54 thousand USD
(against 163 mln 671 thousand USD). The loans provided with guarantees
of the Armenian government and the CBA were paid off in late 2007
(such loans amounted to 1 mln 49 thousand USD in late 2006), while
the loans provided under special programs made 4 mln 715 thousand USD
(against loans of 4 mln 52 thousand USD in late 2006).