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ARMENIA HAS A DEBT

Economy

Under December 31, 2003, the external debt of Armenia made $ 1.097.000.000. Atom Janjughazyan, Paymaster General and Armenian Deputy Minister of Finance and Economy, informed this in Parliament.

The report over results of the Law on “2003 State Budget” on service of state external debt of Armenia, financing of Foreign Affairs Ministry and payments for membership in international organizations was introduced.

About $ 875.700.000 of the debt are immediate credit instruments of Armenian Government, $ 214.600.000 is the credit instruments of Central Bank and $ 7.300.000 are the guarantees provided by Government.

Deputy Minister of Foreign Affairs Tatul Margaryan represented the financing of Foreign Affairs Ministry and payments for membership in international organizations.

According to Deputy Minister, the membership fees of international organizations make 988.000.000 AMD.