Armenia is still among countries having a low burden of foreign debt, but in the current coronavirus-related conditions an increase of the debt is unavoidable, Finance Minister Atom Janjughazyan has said while commenting on the bill to amend the budget.
“The proposed scenario implies a 324-billion dram deficit. To fund this deficit we are considering all potential options, including the involvement of loan funds from international financial organizations – our partners at the International Monetary Fund, the World Bank and all our other partners. We are also considering as an option the involvement of debt through placing state bonds from the domestic market. The change of the debt’s volume is unavoidable, both in absolute and relative terms”, he said.
He said the actions they were taking were precisely for this kind of situation. (Armenpress/Business World Magazine)