Georgia’s foreign debt drops

The volume of Georgia’s external public debt and the loans taken under the state guarantee, neared $4.2 billion, according to the data of Georgia’s Finance Ministry for Aug.31, 2015, Sputnik reported.

The country’s public debt has decreased by $17.3 million since early 2015, according to the report.

Georgian government’s debt accounts for over $4.15 billion of the total amount.

Alongside with states, international institutions also issue loans to Georgia. The country’s debt to such institutions totals nearly $3 billon.

The Central Bank of Georgia accounts for over $27.5 million of the total volume of the country’s debt.

These figures do not include the funds for debt service. The amount of the external debt was based on the exchange rates for August 31, 2015. (Trend.az)