Management specialist Hovhannes Avetisyan writes:
"As of the end of October 2024, 30% of this debt is in foreign currency. At the end of December 2018, Armenia's public debt is 6.9 billion USD was
In six years, this government has almost doubled our state's debt, but considering that billions have also been paid off during these six years, the debt involved is much more than the $6 billion added.
The weighted average interest rate of the debt raised by the RA government is 7.2% at the end of 2018. In other words, the debt taken by this government is getting more expensive, which means that we are paying much more interest than before.
Thus, only in 2023, the Government made interest payments of 157.6 million USD on foreign loans, and 157.3 billion AMD on domestic debt.
Every day this government increases our net public debt (existing plus new minus repayments) by about 2.5 million US dollars, and we get nothing in return.
More precisely, we get a weak and decaying state.
