Foreign loan burden
By Messenger Staff
Monday, November 26According to the latest draft of the 2013 state budget, in 2013 the Georgian Government should take extra 718 million in foreign loans. This will be 240 million less than in 2012.
In 2013, Georgia will need 423 million GEL for servicing its foreign loans.
So far Georgia’s foreign loan compared with its GDP is 32%.
Analysts do not believe this is very dangerous. But it is very important what the tendency is. Under the previous UNM government, the tendency was to increase foreign loans. However, the new budget is suggesting a decrease in foreign loans, which might be a hint of a positive tendency.