In the first quarter of the current year, Georgia’s total
foreign debt amounted to 24.5 billion US dollars, which is equal to
78.7 percent of the gross domestic product (GDP), Azernews reports,
citing the National Bank of Georgia.
It is reported that as of March 31, 2024, the total foreign debt
increased by 66.5 million US dollars, 275.8 million due to
operational changes, 29.3 million due to other changes, and 1.2
million dollars due to price changes.
However, a decrease of 239.8 million dollars in foreign debt was
recorded based on the exchange rate of national currency units to
the US dollar.
11.1 billion dollars of the total amount was the public debt
(35.5 percent of GDP). However, only 8.5 billion dollars of this is
the net public debt, 861.3 million dollars are liabilities of the
National Bank, and the rest is the debt of state enterprises.
During the reporting period, the debt of the banking sector was
7.5 billion dollars, the debt of private enterprises was 4.7
billion dollars, and the debt between companies was 3 billion
dollars.
The specific weight of foreign currency debt in the total debt
was 88.8 percent.
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