Armenia will raise public debt threshold

PanARMENIAN.Net - Armenia will raise the thresholds of public debt as the country's economy was also impacted by the martial law introduced as a result of Azerbaijan's aggression against Nagorno-Karabakh (Artsakh), Deputy Foreign Minister Mher Grigoryan said Monday, November 2, Panorama.am reports.

Grigoryan added, however, that the government will ensure that the borrowed funds are spent efficiently.

The country will thus revise the threshold of 60% public debt-to-GDP ratio.

"Of course, turnover will somehow decrease, tax revenues will be lower than expected, the defic...