Atom Dzhandzhugazyan told a parliamentary session on the 2006 draft budget that Armenia's foreign debt would grow by $43.9 million year on year.
He also said Armenia would repay $50.2 million and $10.9 million in interest next year. After that, he said Armenia's foreign debt would stand at $1.3 billion, or 25.1% of the planned GDP, in late 2006.
"The republic will face no serious problems from the standpoint of foreign debt repayment," Dzhandzhugazyan said. "Armenia is considered a country with a medium and even low debt burden."
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.