Armenian Finance Minister Vahe Hovhannisyan announced today, October 28, that in 2025, the government plans to secure a budget loan of $600 million and issue Eurobonds worth $500 million.
According to the minister, speaking during the preliminary discussion of the 2025 state budget draft, the funds raised will be allocated not only to cover the budget deficit but also to repay the principal on previously acquired loans.
Earlier BMG reported that, according to projections, economic growth in 2024 is expected to reach 5.8%. In 2025, growth is projected at 5.6%, with a deflator increase of 3.5%, and nominal GDP is estimated to reach around $28.5 billion (11 trillion 50 billion drams).
Regarding the budget deficit, it is projected to be 5.5%, with a subsequent reduction to 3% in the medium term. National debt is expected to rise to 53.5% and then stabilize at around 54.6%.
