2020 budget report: gov't attracted 7 billion GEL in domestic and foreign debt

Georgia's state budget revenues in January-December 2020 amounted to 18.03 billion GEL, says the budget execution report of 2020.

In the reporting period, the state budget received more than 9.36 billion GEL in taxes, which is 104% of the annual plan, says the report. 

The government of Georgia attracted more than 7 billion GEL in domestic and foreign debt.

Domestic liabilities increased by 2.02 billion GEL, which is 109.5% of the annual forecast volume, while foreign liabilities increased by 5.26 billion, which is 85% of the forecast volume.

• Government’s external debt has tripled in the last 8 years

At the same time, long-term preferential investment loans received in 2020 amount to 1.41 billion GEL, which is 137.2% of the forecast volume.

Last year, budget support loans from foreign sources amounted to 3.84 billion GEL, which is 74.6% of the forecast volume. Cash expenditures for repayment of domestic government liabilities amounted to 42.12 million GEL, which is 100% of the annual plan, and cash expenditures for repayment of foreign government liabilities amounted to 90.19 million GEL, which is 94.9% of the plan.