Armenia’s’ state debt to hit $4.9 billion by the end of 2015 –

Armenia’s’ state debt to hit $4.9 billion by the end of 2015 –

ARKA – Armenia’s state debt will amount to $4.9 billion by the end of 2015,  Chief Treasurer Atom Janjughazyan told reporters today.

According to him, in late 2014 December Armenia’s state debt stood at $4.4 billion. The ratio of state debt to GDP was 40.4%. 

He refused to predict the ratio of state debt to GDP by the end of 2015. According to official data, Armenia’s 2014 GDP was worth $10.88 billion.