Georgia’s public debt to make up 58% of GDP this year

Jamila Babayeva
Author

Georgia’s public debt will make up 58% of the Gross Domestic Product (GDP) in 2020, Report informs, citing the government.

According to the information, of this, 46.2% will be external debt, 11.8% - domestic debt.

The public debt is planned to be reduced to 54.5% of the GDP in 2021-2024.

The government also says that the GDP is expected to decline by 4% due to the coronavirus pandemic. 

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