Eurasian Development Bank (EDB) sees no risks in Armenia's public debt and expects it to remain within 51.5% of GDP in 2025
ALMATY, December 18. /ARKA/. Analysts from the EDB do not foresee any risks associated with Armenia's public debt level at present or in the next three years, as stated by Alexey Kuznetsov, the Head of the EDB's Research Directorate.
"In 2020, Armenia's public debt stood at 67% of GDP. What has transpired since then? Currently, public debt has dropped to nearly 50% of GDP. This is a favorable development," Kuznetsov remarked.
He noted that with the borrowings planned for 2025, public debt might see a slight rise by the year's end, reaching around 51-51.5% of GDP.
"This indicates that there is no significant acceleration, and overall, the level remains quite secure. The intention is to raise the public debt level to 55% of GDP and maintain it within the 50-55% range. This is a perfectly acceptable outcome," Kuznetsov explained.
He referenced countries with emerging economies, where the latest statistics show an average public debt-to-GDP ratio of 95%.
On October 27, 2025, Armenian Finance Minister Vahe Hovhannisyan mentioned that, based on the anticipated exchange rate of the Armenian dram, the public debt-to-GDP ratio is expected to stabilize between 50-60% in the medium term. Specifically, it is projected to reach 54% and trend downward in the following years.
As reported by Armstat, Armenia's total public debt as of October 31, 2025, was $14,173.212 million, reflecting a decrease of $22.676 million compared to September 30, 2025.-0-
--0-
