ArmenPress, Armenia
July 27 2005
ARMENIA REPAYS ITS DEBTS IN DUE TIME
YEREVAN, JULY 27, ARMENPRESS: Armenian state budget released 4.5
billion drams in the first six months of the year to pay public
debts, meeting actually its six month targets. A press release by the
finance and economy ministry said 2.4 billion drams were spent to
cover the domestic and 2.1 billion external debts.
The ministry said the government spend 3 percent less money in
2005 first six months against the same time span of last year to
repay its debts, but spent at the same time 110 million drams more to
repay domestic debt. The government also released 3 billion drams to
respect its external liabilities before EBRD, IBRD, IDA and to US
government.