How much is the RA state debt? The Minister of Finance speaks on the matter
The RA Minister of Finance, Vahe Hovhannisyan, clarified that the increase in the state debt or its servicing costs is not problematic. According to him, although the debt has grown in recent years, its ratio to GDP has improved; today it stands at 48 percent, whereas in 2018 it reached 52 percent.
Hovhannisyan noted that expenditures financed through debt in recent years have yielded positive results, allowing the government to continue servicing the state debt without difficulties.
According to the Minister, the state debt servicing costs in 2025 were lower than planned, which was also driven by positive market developments.
Vahe Hovhannisyan added that while the government debt was projected to reach 50 percent in 2025, it now stands at approximately 47.8 percent, whereas at the end of 2024, the state debt was 48 percent.
Earlier, Hovhannisyan noted that in the first half of 2025, Armenia’s state debt amounted to 5 trillion 323 billion AMD in dram terms and 13 billion 852 million dollars in USD terms. Moreover, the domestic debt continues to be higher than the external debt, reaching 52 percent. Debt denominated in AMD accounts for 51 percent, compared to 49 percent for foreign currency debt.