Georgia’s Foreign Debts Rise to GEL57.3 billion as for June 30, 2020

Georgia’s foreign debts marked $18.8 billion (GEL 57.3 billion) as for June 30, 2020, that is, 111.5% in the annual GDP.

In the second quarter of 2020, Georgia’s foreign debts rose by $435 million, including the exchange rate changes increased debts by $202 million, operational changes increased debts by $199.4 million, while price changes and all other factors increased debts by $33.2 million and $370.5 thousand respectively.

Georgia’s state external debts marked $8.3 billion (GEL 25.3 billion), 49.2% in GDP. The state sector’s debt is $6.2 billion (GEL 18.8 billion; 36.6% in GDP); the National bank’s obligations amounted to $447.6 million (GEL 1.4 billion; 2.7% in GDP), while bonds and loans of state-owned enterprises marked $782.8 million (GEL 2.4 billion; 4.7% in GDP) and $8939 million (GEL2.7 billion; 5.3% in GDP). The Georgian banking sector’s external debts marked $4.4 billion (GEL 13.3 billion; 25.9% in GDP); other sectors - $4.5 billion (GEL 13.8 billion; 26.9% in GDP). 90.5% of total foreign debts are denominated in foreign currency.

Georgia’s net foreign debts amounted to $10.9 billion as for June 30, 2020 (GEL 33.4 billion), that is 64.9% over the past 4 weeks, including the state sector’s net debts constituted $4.6 billion (GEL 14.1 billion), that is 27.5% in GDP.