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2010 budget built on loans

By Messenger Staff
Tuesday, December 15
Independent economic analysts think that around 1 quarter of Georgia’s 2010 budget is built on external loans. The 2010 budget revenue projection already agreed by Parliament is up to GEL 6.773 billion, but only 76% of this amount will be covered by internal revenues. So it could be assumed that in 2010 Georgia will take on more than GEL 1 billion in external debt, although this figure could increase further.