Public debt is the aggregate of the Government Debt and the Central Bank External Debt. Constituents of public debt include public domestic debt, public external debt and public guarantees
Public debt shall be originated in order to:
- finance public deficit and provide for current liquidities;
- support balance of payments and replenish reserves;
- build up and develop domestic state debt market;
Public debt shall be managed according to principles of transparency, accountability, predictability, and publicity.
Armenian Law on Public Debt