Economy
Posted: 5 years ago

Georgia’s National Debt Reached GEL 165 Million in June

 

In June Georgia’s national debt increased by GEL 658 million and amounted to GEL 19.8 billion.

The foreign debt in dollars increased by $ 71 million, the debt in lari - GEL 560 million. In March the domestic debt increased by GEL 98 million.

As of June 30, Georgia’s foreign debt totaled GEL 15.6 billion, while the domestic debt -  GEL 4.2 billion.

International organizations account for  70% of the national debt, including 5.5 billion from the World Bank. Georgia owes Germany the most – GEL 910 million, followed by France - GEL 691 million.

Georgia’s national debt is about 45% of GDP.