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Armenia's Foreign State Debts To Make Up AMD 3.5 Billion By The End

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  • Armenia's Foreign State Debts To Make Up AMD 3.5 Billion By The End

    ARMENIA'S FOREIGN STATE DEBTS TO MAKE UP AMD 3.5 BILLION BY THE END OF 2010

    PanARMENIAN.Net
    10.11.2009 13:36 GMT+04:00

    /PanARMENIAN.Net/ By the end of 2010, Armenia's foreign state debts
    will make up AMD 3 billion, Gagik Minasyan, Chair of NA Committee on
    Financial-Budgetary Affairs, told today a news conference in Yerevan.

    In that connection he said that Armenia's 2009 foreign state debts
    comprise AMD 3 billion instead of the AMD 1.5 billion registered last
    year and is expected to increase to AMD 3.5 billion by the end of 2010.

    With regard to GDP - foreign debt ratio, Head of parliamentary
    committee said it will make up 31% by the end of 2009 instead of the
    13% registered last year and will increase to 41% in 2010.

    Maximum ratio, in accordance with international norms, should not
    exceed 50% barrier, Minasyan added.

    From: Emil Lazarian | Ararat NewsPress
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