Georgia reveals volume of gross external debt
BAKU, Azerbaijan, Sept.28
By Tamilla Mammadova – Trend:
The gross external debt of Georgia amounted to $18.8 billion as of June 30, 2020, Trend reports via the National Bank of Georgia.
It accounted for 111.5 percent of the last four quarters' GDP. During the second quarter of 2020 the gross external debt of Georgia increased by $435 million.
Out of that, $202 million increase was due to exchange rate changes, $199.4 - due to transactions, $33.2 million increase due to price changes and $370,500 increase due to other changes.
Public sector external debt amounted to $8.3 billion or 49.2 percent of GDP. Out of which, debt of the general government amounted to $6.2 billion or 36.6 percent of GDP.
External liabilities of the National Bank of Georgia amounted to $447.6 million or 2.7 percent of GDP. And the bonds and loans of public enterprises were correspondingly $782.8 million or 4.7 percent of GDP and $893.9 million and 5.3 percent of GDP.