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Georgia’s public debt to make up 58% of GDP this year
Finance
- 02 June, 2020
- 08:21
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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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