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ARMENIA REPAYS ITS DEBTS IN DUE TIME

YEREVAN, JULY 27, ARMENPRESS: Armenian state budget released 4.5 billion drams in the first six months of the year to pay public debts, meeting actually its six month targets. A press release by the finance and economy ministry said 2.4 billion drams were spent to cover the domestic and 2.1 billion external debts.

The ministry said the government spend 3 percent less money in 2005 first six months against the same time span of last year to repay its debts, but spent at the same time 110 million drams more to repay domestic debt. The government also released 3 billion drams to respect its external liabilities before EBRD, IBRD, IDA and to US government.

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