GEL 1.3 billion will be allocated for servicing the public debt  in 2020

GEL 1.3 billion will be allocated for servicing the public debt in 2020

access_time2019-12-05 13:11:33

GEL 1.3 billion is provided for covering public debt by the draft budget for 2020, of this amount GEL 975 million will be  allocated for the debt, 375 million for servicing interest.

GEL 102 million will be used to pay dividends on government bonds.

As of November 2019, Georgia’s external debt exceeds GEL 16 billion. International financial organizations account for GEL 11.2 billion of this amount, various countries – GEL 2.7 billion.

Georgia also pays interest on Eurobonds worth GEL 1.4 billion.

 


It’s worth mentioning that this amount will be spent to pay external debts, while the Georgian government is actively taking domestic debts, mainly from commercial banks.

 

 


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