From the end of February, Georgia's debt in GEL to Azerbaijan is growing irreversibly. Georgia's debt in GEL to Azerbaijan has increased in the last month as well. Georgia's debt to Azerbaijan in dollars is unchanged. The reason is the depreciation of GEL against the dollar.
According to the Ministry of Finance data, as of April 30, 2021, Georgia owes GEL 17 million 438 equivalent to 5 million dollars to Azerbaijan, while on March 31, 2021, it was GEL 17,244 million. As of February 28, 2021, Georgia owed 5 million dollars to Azerbaijan, the equivalent of GEL 16.8 million.
After February, due to the depreciation of GEL, the debt taken in dollars increases, however, in the five-month period (after November), it has decreased by about GEL 1.4 million, because as of January 2021, Georgia owed to Azerbaijan GEL 18.1 million, and as of December 1, the country owed GEL 18.8 million to neighboring Azerbaijan.
The depreciation of GEL has increased Georgia's debt to other neighboring countries in recent months. As of April 30, 2021, Georgia owes Turkey $ 33.7 million. Georgia's $ 9.7 million debt to Turkey totaled GEL 32.5 million at the end of February, while in March, the debt increased to GEL $ 33.3 million.
As of April 30, 2021, Georgia owes $ 17.6 million to Armenia; Georgia's debt to this country is equal to $ 5.1 million, which amounted to GEL 17 million in February. At the end of March, the debt of the neighboring country increased to GEL 17.4 million.
At present, Georgia owes Russia 37.5 million dollars, GEL 129 276, although, at the end of March, it was 127.8 million dollars. In February, the country owed the northern neighbor GEL 124.6 million.
As of April 30, 2021, Georgia's public external debt balance is $ 8 billion, or GEL 27.6 billion. External debt increased by $ 215 million compared to January 2021, while government external debt in GEL increased by 1.89 billion. In March, compared to February, Georgia's public external debt decreased by 104.881 million dollars and amounted to 7.720 billion dollars.
