“2020, depending on both the pandemic and the war, led to a 63,5% state debt against the GDP. Pursuant to rules defined by law, this fact requires the government to present to parliament in the next five years the kind of a budgetary circle which would guarantee debt return in the limits not exceeding 60%,” he said.
Khachatryan said that their actions must lead to the 2022’s summarized indicator to be 60,2% of the GDP.
“Implementing reasonable capital or development programs through funding the deficit are the important preconditions which should secure the ensuring of economic potential and high economic growth. From this perspective we will head for a consistent and continuous reduction of the debt,” he said.
The deficit is projected 3,1%, a figure Khachatryan described as the “reasonable safe size” with which the government will be able to implement s...
