An adjusted version of the 2022 draft budget has been published, according to which the Georgian government will receive new loans of GEL 4.35 billion next year. Of this, GEL 1.3 billion will be new domestic debt and GEL 3.05 billion will be new foreign debt.
However, the Georgian government will repay the debt of GEL 1.23 billion in 2022, of which GEL 1.19 billion will be spent on foreign debt service, and GEL 43 million will be spent on repaying domestic debt. As a result, by December 31, 2022, Georgia's public debt balance should reach GEL 35.4 billion.
Full list of loans to be taken out by the government in 2022:
•Funds receivable from the Asian Development Bank (ADB) under the Fiscal Sustainability and Social Security Program - GEL 318 million;
•Energy Sector Reform Program in Georgia - the French Development Agency (AFD) - in the amount of GEL 164.7 million;
•Reconstruction-construction of Tbilisi-Senaki-Leselidze road Ubia- Shorapani section (EIB) - GEL 165 million;
•North-South Corridor (Kvesheti-Kobi) Road (EBRD, ADB) - GEL 147 million;
•Tbilisi Metro Project (EBRD) - GEL 120 million;
•Reconstruction - Construction (ADB) of Khevi Ubisa section of Tbilisi-Senaki-Leselidze road - GEL 115 million;
•Development Policy Measure - Funds Receivable from the World Bank (WB) under the 2022 Program (DPO-2022) - GEL 157.4 million;
•Funds receivable from the Asian Development Bank (ADB) under the Sustainable Development Program for the Water Supply and Sewerage Sector - GEL 150 million;
•Funds to be received from the French Development Agency (AFD) under the Social Welfare Program - IV - in the amount of GEL 109.8 million;
•Funds to be received from the Asian Development Bank (ADB) under the Climate Adjustment Irrigation Sector Development Program - GEL 80.5 million;
•Funds receivable from the French Development Agency (AFD) under the policy-based loan "Water Resources Management and Irrigation" - GEL 109.8 million;
•Funds receivable from the French Development Agency (AFD) under the Sustainable Development Program for the Water Supply and Sewerage Sector - GEL 109.8 million (ADB co-financing for Tranche II).
•Reconstruction-construction of Shorapani Argveta section of the Tbilisi-Senaki-Leselidze highway (ADB) - GEL 99 million;
•Housing Investment Program (ADB) - GEL 92 million;
•Urban Services Improvement Program (Water Supply and Sewerage Sector) (ADB) - GEL 82 million;
•Construction of Senaki-Poti-Sarpi road km48-km64 Grigoleti-Choloki section (EIB) - GEL 70 million;
•Reconstruction-construction of Chumateleti-Khevi section of Tbilisi-Senaki-Leselidze highway (EIB, WB) - GEL 68 million;
•East-West Expressway Corridor Improvement Project (Upper Osiauri-Ricoh) (WB, EIB) - GEL 68 million;
•Regional Development Project III (Mtskheta-Mtianeti and Samtskhe-Javakheti) (WB) - GEL 62 million;
•Tbilisi Bus Project - Phase III (EBRD) - GEL 60 million;
•Regional and Municipal Infrastructure Development Project II (WB-TF, WB) - GEL 52 million;
•Municipal Infrastructure Renewal Project (EIB) - 50 million GEL;
•New Batumi bypass road (AIIB, ADB) - GEL 49 million;
•Georgia Micro, Small and Medium Enterprises Assistance and Rehabilitation Project (WB) - GEL 45 million;
•Irrigation and Land Market Development (WB) Project - GEL 45 million;
•Domestic Asset Management Project (WB) - GEL 40 million;
•Log-In Georgia (EIB, WB) - 31 million GEL;
•Tbilisi Public Schools Rehabilitation and Energy Efficiency Increase Project (CEB, E5P) - GEL 27 million;
•Innovation, Inclusion and Quality Project - Georgia I2Q (IBRD) - GEL 27 million;
•Adjara Rural Water Supply and Sewerage Program, Georgia (KfW, EU) - GEL 23 million;
•Modernization-construction of East-West Expressway on Samtredia-Grigoleti section (EU, EIB) - GEL 20 million;
•Batumi (Angisa) - Rehabilitation-reconstruction of Khulo-Zarzma section of Akhaltsikhe highway - Kuwait Fund - GEL 20 million;
•500 kV OHL Jvari-Tskaltubo (WB) - GEL 20 million;
•Tbilisi Bus Project (Phase II-Gas) (EBRD) - GEL 20 million;
•Capacity Building of the Georgian Defense Forces (SG) - GEL 18 million;
•Breastfeeding Modernization and Market Access Program (DiMMA) (IFAD) - GEL 17 million;
•Integrated Solid Waste Management Program II (KfW) - GEL 16 million;
•Tbilisi Municipal Services Project (EBRD) - GEL 15 million;
•Tbilisi Solid Waste Management Project (EBRD) - GEL 15 million;
•Improvement of water supply and sewerage systems in Khashuri and surrounding settlements (AFD, EU) - GEL 14 million;
•Vocational Education Program 1 (KfW) - GEL 14 million;
•500 kV OHL "Tskaltubo-Akhaltsikhe-Tortum" (EU-NIF, KfW) - GEL 13 million;
•Construction of Bakurtsikhe-Tsnori section of the Tbilisi-Bakurtsikhe-Lagodekhi highway (ADB) - GEL 12 million;
•Georgian National Innovation Ecosystem Project A (IBRD) - GEL 12 million;
•Improvement of communal infrastructure (KfW) in Imereti and Kazbegi municipalities - GEL 10 million;
•Sectoral loan for the water sector (ADB) - GEL 10 million;
•Energy Sector Open Program (KfW) - GEL 10 million;
•Rehabilitation-Reconstruction (ADB) of Chumateleti-Kharagauli section of Dzirula-Kharagauli-Moliti-Fona-Chumateleti highway of domestic importance - GEL 8 million;
•Strengthening of Guria power transmission line infrastructure (KfW) - GEL 7 million;
•Georgian Urban Reconstruction and Development Project (EIB) - GEL 6 million;
•Georgian Electricity Transmission Network Expansion Program (KfW, EU, EBRD) - GEL 6 million;
•Debeda River Bridge Construction (EBRD) - GEL 6 million;
•Kvemo Kartli Solid Waste Project (EBRD, SIDA) - GEL 5 million;
•Kheledula-Lajanuri-Oni (KfW) - GEL 5 million;
•Northern Ring (EBRD), Namakhvani - Tskaltubo - Lajanuri (EBRD, KfW) - GEL 5 million;
•Sector Loan for Education Sector (ADB) - GEL 4 million;
•Kutaisi Sewerage Project (EIB, EPTATF) - GEL 3 million;
•Improving the energy efficiency of public buildings in Georgia and the use of renewable-alternative energy (E5P, NEFCO) - GEL 1 million;
•Batumi Bus Project (EBRD, E5P) - GEL 1 million.
