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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Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.