“Armenian Government Debt Surges by 20% in Four Years as Internal Financing Dependency Increases, Reports Head of Public Debt Management Department”
Armenia’s government debt increased by 20% in the past 4 years, reaching 46%. High levels of government bond issuance indicate growing reliance on internal debt for budget deficit financing. Financial sector shows development, but improvement is needed in market structure and organization. Institutional investors hold 65% of government bonds, with pension funds and insurance companies increasing their share. Foreign exchange conversion raises challenges for international investors. Stock trading platform for government bonds to be launched soon.
“Armenian Government’s Budget Raises Concerns Over Inflation and Social Assistance Deficiencies”
Next year, Armenian government budget revenues projected to be 2.67 trillion drams or 25.5% of GDP. Expenditures expected to be 3.017 trillion drams, resulting in a projected budget deficit of 48.4%. Article stresses need to increase social assistance and improve transparency in implementation of programs. Without these measures, social vulnerability will continue to worsen.
Armenia’s Budget Deficit to Exceed Projections in 2024, Minister of Finance Reveals
Armenia’s 2024 budget deficit expected to exceed projections due to additional spending on programs for displaced Artsakh residents. Minister of Finance, Vahe Hovhannisyan, assures that this increase will not adversely affect the country’s fiscal state as the funds were originally deemed as loans.