BAKU, Azerbaijan, December 7
By Tamilla Mammadova – Trend:
The external debt of Georgia has reached 16 billion lari ($5.4 billion) as of November 2019, Trend reports citing the country's Ministry of Finance.
Reportedly, 11.2 billion lari ($3.8 billion) of this amount falls to international financial organizations, and 2.7 billion lari ($916 million) has been borrowed from various countries.
Georgia also pays interest on Eurobonds in the amount of 1.4 billion lari ($475 million).
No data has been provided on the remaining amount in the report of the ministry.
Georgia's draft budget for 2020 stipulates 1.3 billion lari ($441 million) for covering public debt, of which 975 million lari ($330.8 million) is for the bulk of the debt, and 375 million lari ($127.2 million) is intended for interest.
In addition, 102 million lari ($34.6 million) will be used to pay dividends on government bonds.
The above figures in the budget relate exclusively to the payment of external debts, while the Georgian government is also actively borrowing domestically, mainly from commercial banks.
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