Georgian external debt triples in last 8 years
BAKU, Azerbaijan, Sept. 21
By Tamilla Mammadova – Trend:
The amount of the external debt of the Georgian government borrowed within the last eight years amounts to 13.3 billion laris ($4.1 billion), Trend reports via the Ministry of Finance of Georgia.
As reported, the total amount of the government’s external debt is now three times more than it was eight years ago.
As of August 2020, government external debt amounted to 19.9 billion laris ($6.5 billion), while it was 15.7 billion laris ($5.4 billion) as of December 31, 2019.
The external debt of the government will increase by an additional 6.1 billion laris ($503.3 million) by the end of 2020.
Government external debt amounted to 3.2 billion laris ($1.5 billion) by the end of 2003 and by December 31, 2012, it had increased to 6.6 billion laris ($3.9 billion), more than doubling in nine years.
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