“Armenia’s State Debt Skyrockets to Record $11.352 Billion, Raising Concerns for the Country’s Future”

Armenia’s state debt is expected to reach $11.352 billion by July 2023, a record high and cause for concern. Prime Minister Nikol Pashinyan’s claims of a 30% growth are labeled a “bubble” by economist Tatul Manaserian. Pashinyan is criticized for continuing the borrowing trend while enriching his team. The real estate sector’s dynamics may result in a socio-political crisis. Get more details on NEWS.am.