2024-06-19 00:51:02
On July 12, RA 2023 was held underneath the chairmanship of Gevorg Papoyan within the RA NA Standing Committee on Monetary, Credit score and Budgetary Points. working dialogue of the price range applications of the state price range, the parliament informs.
RA Finance Minister Tigran Khachatryan introduced the construction of the nation’s state debt, its servicing course of, administration within the subject of finance.
In line with the minister, in 2023 5 trillion 246 billion drams of public debt was predicted for 2015, which is 58 p.c of the gross home product of the Republic of Armenia.
in 2023 the state debt will likely be serviced from home sources with 255 billion drams. Borrowed funds may even be concerned for debt service. The rise within the weight of treasury bonds was highlighted within the debt service.
It was additionally famous that in 2023 260 billion drams will likely be allotted to service curiosity on the state debt.
In line with the minister’s assurance, beforehand the overseas forex dominated the construction of the state debt, on account of the carried out works, now the Armenian dram occupies its place within the construction of the state debt.
Tigran Khachatryan thought-about the reliability of state debt administration vital within the growth of the economic system. He additionally famous that basic reforms will likely be applied within the debt construction within the close to future.
The Minister additionally introduced the budgetary allocations of the RA Ministry of Finance. About 4 billion drams have been allotted to the sphere of public finance administration.
Gevorg Papoyan, the chairman of the Standing Committee on Monetary Credit score and Budgetary Affairs of the Nationwide Meeting, raised questions associated to the curiosity funds for servicing the state debt, the allocations of the Ministry of Finance, and many others.
Gevorg Papoyan emphasised the necessity for reforms within the subject of state debt servicing.
NA Funds Workplace Coordinator Gagik Barseghyan RA 2023 introduced various observations relating to the draft state price range.