Government to take GEL 5.3 billion in foreign debt

Government to take GEL 5.3 billion in foreign debt

According to the final version of the draft budget for 2021, the government will get GEL 5.3 billion in foreign debt next year. The increase in domestic liabilities is not planned.

As explained in the country's main financial document, next year, GEL 3.1 billion will be spent on servicing and repaying foreign government obligations, and GEL 570 million for servicing and repaying domestic government liabilities.

By the end of 2021, the government debt defined by the Organic Law of Georgia on Economic Freedom will be set at 60.1% of GDP.

The marginal volume of public debt by the end of 2021 is set at 33,680.1 million GEL, including public external debt - 27,734.2 million GEL and domestic debt - 5,945.8 million GEL.

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