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Georgia's external debt totals $13.4 billion

By Messenger Staff
Monday, July 1
As of March 31, 2013, Georgia's foreign debt amounted to $13.4 billion, or 83.9% of GDP, the National Bank of Georgia told Trend. $4.2 billion of debt accounts for the public sector (26.5% of GDP), $500.2 million - National Bank (3.1% of GDP), $2.4 billion (148% of GDP) - the banking sector, $3.4 billion (21.1% of GDP) - other sectors, and $2.9 billion (18.3% of GDP) - intercompany debt. 93.5% of Georgia's total external debt is in foreign currency.

In the first quarter of 2013, Georgia's external debt decreased by $15.5 million compared to the previous quarter. Thus, the debt increased by $71.4 million due to operational changes and by $16.7 million due to changes in prices. As a result of other changes, the debt decreased by $112.7 million.