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Debt of Georgia to Azerbaijan reduces

Finance Materials 14 September 2020 15:37
Debt of Georgia to Azerbaijan reduces

BAKU, Azerbaijan, Sept.14

By Tamilla Mammadova – Trend:

As of September 1, Georgia's debt to Azerbaijan amounted to $5.68 million, Trend reports citing data from the Ministry of Finance of Georgia.

The monthly debt of Georgia to Azerbaijan decreased by $422,000.

According to the report, Georgia's total external debt is $6.7 billion, of which $6.5 billion falls to the government.

Georgia's debt to Turkey and Russia also decreased compared to the previous month and amounted to $10.95 million and $43.13 million, respectively.

Georgia spent up to $623 million on external debt repayment in the first six months of 2020.

The 6-month review of the state budget execution states that 622.81 million laris ($200.5 million) was spent from the state budget to pay off the government's external liabilities in 2Q2020.

For 8 months Georgia received more than 3 billion laris ($966.1 million) of loans from donors.

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