The government of Armenia plans to reduce the public debt-to-GDP ratio to 45% in the medium term, approximately within five years. This was stated by Deputy Minister of Finance Avag Avanesyan on the sidelines of a business forum dedicated to the 20th anniversary of the Eurasian Development Bank.

According to the representative of the Ministry of Finance, the specific timing for achieving the goal depends on macroeconomic factors, including economic growth rates and the level of the budget deficit. He emphasized that it is incorrect to set a strict date now, as external and internal crises can affect the dynamics of public debt.

The authorities are, however, focused on gradually reducing the debt burden through a combination of fiscal discipline and economic growth. This approach, as noted, should reduce the cost of debt servicing and expand the financial capabilities of the state.

According to the Ministry of Finance, as of March 31, 2026, Armenia's total public debt amounted to approximately $14.07 billion, an increase compared to the end of 2025. The main part of the debt is accounted for by government obligations, with a significant share being external and internal debt, as well as smaller obligations of communities and the Central Bank.