Armenia's national debt to bypass $6 bn in 2017

According to Armenia’s National Statistical Service, the national debt as of August 31, 2016 was $5.485 billion. During the month it increased 1.9% or 100.6 million AMD ($212,000).

Armenia's national debt in 2015 stood at $5.077 billion and is expected to hit $6.277 billion in 2017, hetq.am reports.

The country’s growing external debt is particularly worrisome, given that countries like Armenia are heavily dependent on borrowing from supranational organizations (e.g. the World Bank) or international financial institutions.