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Foreign debt increases

By Messenger Staff
Thursday, May 27
Georgia’s foreign debt as on April 30 2010 was USD 3. 515 billion, almost one quarter more than at the same point last year. Georgia’s foreign loan portfolio has increased very fast, particularly since the Russian invasion of 2008.

Analysts express their concern over the fast increase in foreign debt. They are particularly concerned about the year 2013, when approximately one quarter of Georgia’s state budget will have to be spent on paying back some of these loans and servicing others.