TBILISI, Georgia, July 4. Georgia's total external debt amounted to $23.9 billion by March 31, 2023, which is 90.2 percent of the country's GDP, Trend reports.
According to the National Bank of Georgia, in the first quarter of this year, the total external debt increased by $333.4 million.
This increase is explained as follows: debt increased by $284.8 million as a result of operational changes, by $38.9 million due to changes in the exchange rate, by $6 million due to price changes, and by $3.6 million is due to other factors.
Out of the total external debt of $10.8 billion, 40.6 percent of GDP is accounted for by the state debt. Of this amount, $8.2 billion accounted for government debt, $908.9 million - National Bank liabilities, while $434.2 million and $1.2 billion - debt of state-owned enterprises on bonds and loans, respectively.
The banking sector debt is $6.5 billion, private enterprises $4.8 billion, and inter-company debt $3.5 billion. Georgia's net debt as of March 31, 2023 is $12.6 billion, which is 32.2 percent of GDP. In particular, the net public debt is $5.7 billion, which is 21.7 percent of the country's GDP.
As of December 31, 2022, the country's external debt amounted to $23.5 billion (95.7 percent of 2022 annual GDP).