Baku, Azerbaijan, July 23
By Tamilla Mammadova – Trend
The Georgian government borrowed 632.2 million lari in January-June 2019, which is 106 percent of the projected amount for the reporting period (592.7 million lari), Trend reports with reference to commersant.ge.
Of this amount, 275.6 million lari accounted for domestic debt, which is 141 percent of the planned 194.6 million lari.
Borrowing in the foreign market amounted to 365.5 million lari, which is 89.6 percent of the projected amount of 398.7 million lari.
Georgia plans to reduce the share of domestic borrowing in total to 18.7 percent in 2020-2021.
Seventy percent of Georgia’s foreign debt falls on international organizations. Among them, Georgia has the largest debt to the World Bank (5.5 billion lari). As for the countries, Georgia has the largest debt to Germany (910 million lari) followed by Georgia’s debt to France (691 million lari).
Currently, the public debt of Georgia amounts to 19.7 billion lari.
(1 USD = 2,87 GEL on July 23)