Armenia's foreign debt reaches $3.9 billion
The external debt of the Armenian government in 2012 increased by nearly $300 million compared to 2011, reaching $3.869 billion, chairman of the Standing Committee on Financial, Credit and Budgetary Affairs of the National Assembly, Gagik Minasyan, said, Trend news agency reported referring to ARKA agency.
Chairman of the committee said that the foreign debt of the Central Bank of Armenia is about $800 million.
He stressed that the external debt of the Armenian government is 37 per cent of the GDP, which is the average or low debt burden.
As of September 30, 2012, Armenia's foreign debt totalled $3.7 billion, which is 4.8 per cent more than the amount of debt as of December 30, 2011.
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