As of July 31, 2024, Armenia’s national debt has reached $12.28 billion, marking a 9.3% increase compared to the same period in 2023, which translates to an absolute rise of $1.04 billion.
According to the Statistical Committee, the debt structure has undergone significant changes. Foreign debt decreased by 5.5%, amounting to $6.24 billion. Out of this, $5.72 billion is attributed to the Armenian government, while $510 million is owed by the Central Bank.
Meanwhile, domestic debt saw a substantial increase of 30.3%, reaching $6.05 billion. The majority of this sum consists of government treasury bonds purchased by residents, totaling $5.48 billion. Additionally, $553 million is tied to government bonds in foreign currencies, also acquired by residents. Domestic guarantees account for $17.7 million.
Compared to July 2023, the national debt has risen by 8.7%, or $984 million. For comparison, at the end of July 2020, the debt stood at $11.35 billion.
Earlier, BMG reported that according to the Ministry of Finance's forecasts, by the end of 2024, Armenia's national debt will reach AMD 5.314 trillion (over $13.5 billion), accounting for 50.5% of the country’s GDP, up from 49.3% at the end of 2023.
It is important to note that in 2024, the government will require AMD 805.2 billion (over $2 billion) for debt repayment and servicing. Of this amount, AMD 483 billion (over $1.2 billion) will go toward principal repayments, while AMD 322.2 billion (over $827 million) will cover interest payments.
