External debt of Georgia increases

External debt of Georgia increases
# 28 September 2019 11:18 (UTC +04:00)

The gross external debt of Georgia has amounted to 18.2 billion USD, APA’s Georgian burea reports citing the report of National Bank of Georgia.

It has accounted for 113.2 percent of the last four quarters' GDP of Georgia.

It is noted in the report that during the second quarter of 2019 the gross external debt of Georgia has increased by 385.3 million USD

Public sector external debt has amounted to 7.5 billion USD that is equal to 46.9 percent of GDP.

Out of which, debt of the general government has amounted to 5.4 billion USD, external liabilities of the National Bank of Georgia has amounted to 415.5 million USD, and the bonds and loans of public enterprises have been 826.4 million USD.

Georgian Banking sector external debt amounted to 4.4 billion USD; Other sectors' external debt stood at 4.7 billion USD.
The net external debt of Georgia amounted to 10.4 billion USD or 65.0 percent of GDP as of 30 June 2019. Net public sector external debt was 3.8 billion USD or 23.4 percent of GDP.

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