17 Oct 2026
Prosperous Armenia Party leader: National debt increased by 1.4bn
This state of emergency has taken people to the extreme. Gagik Tsarukyan—chairman of the opposition Prosperous Armenia Party (PAP), MP, and business tycoon—said this at a meeting with the PAP representatives in Ijevan city on Monday, News.am reported.
"It is necessary for the halls of power to stand with the people today," he added.
Tsarukyan again proposed the government to freeze the interest rates on loans taken by the people in Armenia. "If a person does not work, how will he pay the interest [rate]?" he asked.
He noted that those infected with the coronavirus in Armenia should be provided with free medicine. "Today the national debt has increased by 1 billion 400 million. Where was that money used? People will endure if they know that tomorrow it will be good; but there is nothing left to endure," he added.
Tsarukyan said that he was not carrying out a demonstration. "Whoever has a word to say, must say and participate in the rally. Instead of discussing what I said on June 5 and admitting their shortcomings, they [the Armenian authorities] take them [my words] and launch a [criminal] case [against me]," he said.
"I have said that the condition of the people [in Armenia] is dire; they will take to the streets," Gagik Tsarukyan added.
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