ArmInfo. Armenia's national debt exceeded $11bln by this June - a 15% year-on-year increase due to an increased domestic debt and decreased foreign debt. Specifically, Armenia's domestic debt showed a 51% year-on-year increase, exceeding $4.6, with the foreign debt showing a 1.5% decrease, totaling $6.4bln.
This January-May, Armenia's national debt showed a 3.7% increase, with the country's domestic debt showing a 10.1% increase, with a 0.6% decrease in its foreign debt. A similar situation was recorded in January-May 2022 - a 3.8% increase in Armenia's national debt, with an 18.3% increase in the country's domestic debt and a 1.7% decrease in its foreign debt.
The government's share in Armenia's foreign debt decreased from 92.3% last June to 91.3% this June, with the Central Bank's share increasing from 7.7% last June to 8.7% this June - $5.9bln and $554.7mln respectively. The Armenian government's foreign debt showed a 3% decrease against a 3.7% decrease, with that of the Central Bank showing a 9.8% increase against a 1.3% increase.
This January-May, the Armenian government's foreign debt showed a 0.7% decrease, with a 0.6% increase in the Central Bank's foreign debt. Last January-May, the government's foreign debt showed a 2.6% decrease, with the Central Bank's foreign debt showing a 10.4% increase.
The share of government bonds in Armenia's domestic national debt decreased from 91.9% last June to 87.7% this June (AMD 1,600bln or $4.05bln), with the absolute value showing an accelerating year-on- year increase from 43.3% to 44.5%. The share of Armenian Eurobonds increased from 7.7% last June to 11.9% this June - AMD 212.8bln or $550.5 - with a 2.3-fold increase in the absolute value (against a 2.2- fold increase last year). The rest 0.4% (AMD 7.8bln or $20.2mln) is the share of domestic bonds, with an almost 2-fold increase in the absolute value. This January-May alone, the government bonds showed a 9.7% increase and Armenian Eurobonds showed a 15% increase. Domestic bonds showed a 13.1% decrease, which is evidence of slower rates of decrease as compared with January-May 2022, when government bonds and Armenian Eurobonds increased by 16.5% and 46.5% respectively, with domestic bonds showing a 6.5% increase.
Last year, both Armenia's GDP and Gross International Reserves set a historical record - AMD 8,500bln and $4.1bln respectively, with the country's national debt exceeding $10.6bln. The unfavorable migration balance and poor population growth, accompanied by a two-digit increase in Armenia's national debt, increased a debt burden per capita during last year from $3,100 to $3,600. The debt per capita in Armenia's foreign debt was $2,200, and that of the country's domestic debt increased from $870 to $1,400.