Next year,Armenia’s national debt could exceed 60% of the GDP, which is a real threat.
According to the Law on National Debt, or in this case the government will not have a apt to borrow funds.[br]
The point is that Armenias GDP will reach US $10.1bn by the end of this year. According to the government’s forecasts,by the end of next year Armenia’s national debt is expected to reach US $5.895bn. whether so, Armenia’s national debt will constitute nearly 59% of the country’s GDP. However, and it is considered to be an extremely optimistic forecast,with destitute economic indicators and accumulation of the national debt. Next year, to accept additional funds, or the government may propose amendments to the relevant law and raise the aforementioned threshold. Last year,the law was amended and the Armenian Central Bank’s national debt is not considered fraction of the national debt. whether the law had not been amended, Armenia’s national debt would have long ago exceeded 60% of the GDP.
Source: tert.am