The National Bank of Georgia has published a new report on Georgia's foreign debt today. According to the document, the total external debt of the state and private sector of the country is 20.6 billion dollars, which is 65.2 billion GEL. Of this, the external debt of the public sector is 10 billion dollars or 31.5 million GEL. This is 59.5% of the country's GDP.
In turn, the external debt of the public sector consists of several parts, they are:
Government debt - $ 7.8 billion (GEL 24.7 billion);
Bonds of state-owned enterprises - $ 518.2 million (1.6 billion GEL);
Loans to state-owned enterprises - $ 941.4 million (GEL 3 billion);
Liabilities of the National Bank - $ 689.8 million (2.2 billion GEL);
Bonds of state-owned enterprises - $ 518.2 million (1.6 billion GEL);
Loans to state-owned enterprises - $ 941.4 million (GEL 3 billion);
Liabilities of the National Bank - $ 689.8 million (2.2 billion GEL);
The external debt of the banking sector amounted to 4.3 billion US dollars (13.6 billion GEL; 25.8 percent of GDP), the external debt of other sectors - 4.6 billion US dollars (14.6 billion GEL; 27.5 percent of GDP), and the inter-corporate debt - 3.2 billion US dollars (10.1 billion GEL; 19.2 percent of GDP). 91.7 percent of total external debt is denominated in foreign currency.
Georgia's net foreign debt as of June 30, 2021, amounted to 12.7 billion US dollars (40.3 billion GEL), which is 76.2% of GDP for the last four quarters. Of this, the net external debt of the public sector is $ 5.7 billion (GEL 18.0 billion), which is 34.1% of GDP.
In the second quarter of 2021, the external debt of the National Bank of Georgia increased by 115.9 million US dollars. Of this, debt due to operating changes increased by USD 112.0 million, and due to exchange rate changes, the National Bank's external liabilities increased by USD 3.9 million. At the end of the second quarter of 2021, the National Bank's total external liabilities amounted to $ 689.8 million ” - the report said.
