STATE DEBT OF ARMENIA TO MAKE 2.2 BILLION DOLLARS IN 2009

Noyan Tapan
Oct 24, 2008

YEREVAN, OCTOBER 24, NOYAN TAPAN. In 2009, the state debt of Armenia
is forecast to amount to 2.2 billion USD which will make up 16.1% of
GDP – against 17.6% in 2008. The foreign debt will make up 81.5% of
the RA state debt (13.1% of GDP against 14.6% in 2008). The Armenian
Prime Minister Tigran Sargsian announced this when presenting the
2009 draft state budget at the October 24 sitting of the standing
committees of the RA National Assembly.

He said that the qualitative indices of the foreign state debt will
be mostly within the level of the countries with a low and middle
debt burden.

"This will allow to maintain Armenia’s high solvency rating, which
naturally also raises the reliability of the country," the prime
minister noted.