ACCORDING TO OFFICIAL DATA, ARMENIA TO HAVE NO SERIOUS PROBLEMS
CONNECTED WITH EXTERNAL DEBT SERVICE DURING NEXT FEW YEARS
YEREVAN, August 2 (Noyan Tapan). Expenditures on the RA external debt
service decreased by 25.5% during the first six months of this year in
comparison with the same period of last year and made 4.6 bln drams
(about 8.8 mln dollars).
According to the prognosis of the RA Ministry of Finances and Economy
Armenia will have no serious problems from the point of view of the
external debt service in the case of preservation of the policy
carried out in the sphere of the management of the external state
debt, as well as in the case of preservation of the current rates of
GDP growth, the exports, the revenues of the state budget. Regardless
of the growth of the absolute amount of the external debt, the share
of the privileged credits in the debt structure increased constantly:
as of late 2003, their share made about 93%.
At the same time, if the RA external debt made 43.3% of GDP in 2002,
it made 39.3% of GDP in 2003. As of the end of last year net current
value of the debt made 26% of GDP. 7.6 bln drams were foreseen by the
state budget for the external debt service. The nominal value of the
internal state debt will make 48.5 bln drams at the end of this year.
From: Emil Lazarian | Ararat NewsPress