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Gov’t has plans to decrease country’s external debt to 51.1% of GDP

6 Dec 2021 - 13:57

The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili stated earlier today. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia has had ‘major economic growth this year, which is expected to continue.’ 

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