*Note: Does not include liabilities given in Article 48 of the law of Georgia on Public Debt since the amounts of these liabilities are not defined.
Affordable Public Debt Situation and Very Low Interest Rate on External Public Debt
Note: Does not include liabilities given in Article 48 of the law of Georgia on Public Debt since the amounts of these liabilities are not defined.
Rapidly growing budget revenues, very low average interest rate and flat repayment profile with easily affordable annual repayment volumes have been the key factors behind the downward sloping and consistently low government external debt service ratios. Only very small portion of budget revenues is earmarked for debt service in any single fiscal year, allowing to devote budget appropriations to the fullest possible extent towards addressing national development priorities and to funding social assistance programs.
52% of the external government debt portfolio (31 DEC 2022) carries fixed interest rate. This safeguards Georgia's external Government debt service parameters from exogenous interest rate fluctuations and ensures that external government debt service costs will remain low and affordable despite uncertain global economic environment.
DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY DONORS IN 2022
DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY SECTORS IN 2022