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State Debt Declines by 67 million GEL

In July 2018 Georgia’s state debt declined by 67 million GEL. Georgia’s USD-denominated external state debt decreased by 17 million USD.

In July, as result of GEL exchange rate appreciation, GEL-denominated external debt decreased by 64 million GEL, while in June the debts declined by 3 million GEL.

As of July 31, 2017 Georgia’s state debt was 15.2 billion GEL. The figure rose by 1.1 billion GEL to 16.3 billion GEL as of July 31, 2018, including external state debt marked 12.7 billion GEL and external state debt made up 3.6 billion GEL. 

Ratio of international organizations in Georgia’s total external state debts made up 71%, including Georgia owes 4.6 billion GEL to World Bank, 682 million GEL to Germany and 519 million GEL to Japan. 

Ratio of Georgia’s state debt in GDP is 41%. The figure was 45% in 2016, while the figure was 32.6% at the end of 2012.