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Georgia's external debts exceed $10bln

Business Materials 1 July 2011 22:48

Georgia, Tbilisi, July 1 /Trend, N.Kirtskhalia/

External debts of Georgia as of March 31, 2011 totaled $10.184.6 billion, a source at the National Bank of Georgia told Trend.

Of this amount, $3.485.6 billion accounts for the debts of the public sector (34.2 percent), $891.4 million (8.8 percent) - National Bank, $1.778.5 billion (17.5 percent) - banking sector, $1.746 billion (17.1 percent) - the debt of other sectors and $2.283.1 billion (22.4 percent) - the debt between the companies.

95.1 percent of Georgia's foreign debt denominated in foreign currencies.

In the first quarter of 2011, external debts of Georgia increased by $462.1 million, including operational changes accounted for $280.9 million, exchange rate changes - $153.9 million, and price changes and other - $27.3 million.

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