The volume of state debt amounted to 31.57 billion GEL in January 2021, the Ministry of Finance of Georgia reports.
Debt growth in January alone amounted to 735 million GEL. Including, the external debt balance increased by 1.037 billion, while the domestic debt balance was 302 million GEL down. At present, state debt exceeds 60% of GDP.
Including, 25.7 billion GEL is foreign debt, while 5.84 billion GEL is domestic debt, which the government receives through the issuance of treasury bonds.
According to the 2021 budget, the government will take a new loan of 5.27 billion GEL this year. Of this, 1.45 billion GEL will be spent on investment infrastructure projects, budget support loans will be 2.17 billion GEL, and the government plans to refinance Eurobonds worth $ 500 million with 1.65 million GEL.
From which sources does Georgia receive new debts:
1) World Bank Group (IDA and IBRD) - 6.79 billion GEL;
2) Asian Development Bank (ADB) - 5.70 billion GEL;
3) European Investment Bank - 2.41 billion GEL;
4) Germany (KFW) - 2.39 billion GEL;
5) France (AFD) - 1.89 billion GEL;
6) Eurobond - 1.65 billion GEL;
7) Debt of the National Bank to the IMF - 1.23 billion GEL;
8) Japan - 703 million GEL;
9) Government debt to the International Monetary Fund - 699 million GEL;
10) European Bank for Reconstruction and Development (EBRD) - 643 million GEL;
11) Asian Infrastructure Investment Bank (AIIB) - 553 million GEL;
12) European Union (EU) - 532 million GEL;
13) Russia - 134 million GEL;
14) International Fund for Agricultural Development (IFAD) - 118 million GEL;
15) Austria - 63 million GEL;
16) US - 51 million GEL;
17) Turkey - 35 million GEL;
18) Kuwait - 30 million GEL;
19) Kazakhstan - 29 million GEL;
20) Azerbaijan - 18.1 million GEL;
21) Armenia - 18.1 million GEL;
22) Iran - 13.6 million GEL;
23) Council of Europe Development Bank (CEB) - 10.8 million GEL;
24) Scandinavian Environmental Finance Corporation (NEFCO) - 8.4 million GEL;
25) China - 3.1 million GEL;
26) Netherlands - 1.3 million GEL;
27) Turkmenistan - 0.7 million GEL;
28) Uzbekistan - 0.2 million GEL;
29) Ukraine - 0.2 million GEL;
Domestic Debt:
1) Treasury securities (Treasury bonds; Treasury liabilities) - GEL 5.5 billion;
2) Other securities - 352.8 million GEL;
3) Debt taken by budget organizations - 31 million GEL.
