Armenia’s foreign debt records decrease tendency, says PM

For the first time since 2015, a tendency of decrease of the foreign debt has been recorded in Armenia in August 2019, Prime Minister Nikol Pashinyan said on Facebook.

“Of course, the decrease of the state debt is not an end in itself, but this is the result of our concrete task to spend the state funds effectively.

This, of course, somehow slows down the pace of capital expenditures because the system is used to working with other, famous rules.

But this is definitely a right path: not to allow to waste state funds on low-quality constructions and kickbacks”, the PM said.