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State foreign loan increases

By Messenger Staff
Wednesday, December 18
Georgias current state foreign loans come to 7.5 billion GEL. Moreover, the country has 2 billion GEL in domestic loans. According to the 2014 state budget foreign loan will increase for 1 billion GEL which is needed for infrastructural projects. International standards define that foreign loan should not be more than 60% of GDP. Georgia now has up to 35%.