Gross external debt of Georgia amounts to $18.2B
Baku, Azerbaijan, September 28
By Tamilla Mammadova – Trend:
The gross external debt of Georgia amounted to $18.2 billion (52.2 billion lari) as of June 30, 2019, Trend reports referring to the National Bank of Georgia.
It accounted for 113.2 percent of the last four quarters' GDP. During the second quarter of 2019, the gross external debt of Georgia increased by $385.3 million.
Out of this amount, $421.7 million increase was due to transactions, $24.3 million - due to price changes and $8.8 million - due to other changes. Meanwhile, exchange rate changes lead to its decrease by $69.5 million.
Public sector external debt amounted to $7.5 billion (21.6 billion lari) or 46.9 percent of GDP. Out of which, the debt of the general government amounted to $5.4 billion (15.5 billion lari) or 33.6 percent of GDP.
External liabilities of the National Bank of Georgia amounted to $415.5 million (1.2 billion lari) or 2.6 percent of GDP. The bonds and loans of public enterprises stood at $826.4 million (2.4 billion lari) or 5.1 percent of GDP and $894.1 million (2.6 billion lari) and 5.6 percent of GDP, respectively.
(1 USD = 2.95 GEL on September 28)