TIGRAN DAVTYAN: ARMENIA’S NATIONAL DEBT IS UNDER CONTROL
Information-Analytic Agency NEWS.am
Aug 28 2009
Armenia
"Armenia’s national debt is accurately managed controlled up to
acceptable limits," RA Minister of Finance Tigran Davtyan stated.
National debt law enables to augment the debt up to 60% of GDP, however
there is a limit of 50% and once reaching it, certain restrictions
are applied. Particularly budget deficit should not exceed 3% of
GDP. Davtyan considers there are no grounds for concern as Armenia’s
national debt has not reached this limit. "The microeconomic stability
in Armenia is maintained. We have a clear program of debt servicing
till 2025, which we stick to," Davtyan concluded.