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Created with Highcharts 4.0.3Government Debt Indicators Total Government Debt to Nominal GDP (%)Government External Debt to Nominal GDP (%)200320042005200620072008200920102011201220132014201520162017201820192020202120222023preliminary0 %20 %40 %60 %80 %


*Note: Does not include liabilities given in Article 48 of the law of Georgia on Public Debt since the amounts of these liabilities are not defined.



Affordable Public Debt Situation and Interest Rate on External Public Debt


Note: Does not include liabilities given in Article 48 of the law of Georgia on Public Debt since the amounts of these liabilities are not defined.



The bulk of this portfolio is chiefly on concessional terms. This favorable composition of the government debt portfolio allows to sustain low portfolio weighted average interest rate 4.92% per annum.
 



 

Created with Highcharts 4.0.3Flat Repayment Profile: Government Debt Service as % of Budget RevenuesExternal GVT Debt Interest Payments to Budget Revenues (%)GVT Debt Interest Payments as % of Budget Revenues 20042005200620072008200920102011201220132014201520162017201820192020202120222023preliminary0 %1 %2 %3 %4 %5 %6 %7 %

 

 

 

 

Rapidly growing budget revenues, low average interest rate and easily affordable annual repayment volumes have been the key factors behind the consistently low government external debt service ratios. Only small portion of budget revenues is earmarked for debt service in any single fiscal year, allowing to devote budget appropriations to the fullest possible extent towards addressing national development priorities and to funding social assistance programs.





 

Created with Highcharts 4.0.3GOVERNMENT EXTERNAL DEBT BY INTEREST TYPE AS OF 31 DECEMBER 2023 Variable : 50.1 % Fixed : 49.9 %

 

 

 

 

 

50.1% of the external government debt portfolio (31 DEC 2023) carries fixed interest rate. This safeguards Georgia's external Government debt service parameters from exogenous interest rate fluctuations and ensures that external government debt service costs will remain affordable.




 

 

 

 

Created with Highcharts 4.0.3Performance of EoroBond Issued in 2021PriceYield.4/29/20215/31/20216/30/20217/30/20218/31/20219/30/202110/29/202111/30/202112/31/20211/31/20222/28/20223/31/20224/30/20225/31/20226/30/2022 7/31/2022 8/31/20229/30/202210/31/202211/30/202212/31/20221/31/20232/28/20233/31/20234/3020235/31/20236/30/20237/31/2023 8/31/20239/30/202310/31/202311/30/202312/31/20231/31/20242/29/20243/31/20244/30/20245/31/20246/30/2024 7/31/20248/31/20249/30/202410/31/202411/30/202412/31/202401/31/20252/28/20258080.58181.58282.58383.58484.58585.58686.58787.58888.58989.59090.59191.59292.59393.59494.59595.59696.59797.59898.59999.5100100.5101101.5102102.5103103.5104104.5105105.5106106.5107107.5108108.5109109.511022.12.22.32.42.52.62.72.82.933.13.23.33.43.53.63.73.83.944.14.24.34.44.54.64.74.84.955.15.25.35.45.55.65.75.85.966.16.26.36.46.56.66.76.86.977.17.27.37.47.57.67.77.87.98

 

 

Treasury Securities

Created with Highcharts 4.0.3Discount6-month T-billsJan 17Feb 17Mar 17Apr 17May 17July 17Aug 17Sep 17Oct 17Nov 17Dec 17Jan 18Feb 18Mar 18Apr 18May 18Jun 18Jul 18Aug 18Sep 18Oct 18Nov 18Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19July 19Aug 19Sep 19Oct 19Nov 19Dec 19Jan 20Feb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Feb 21Mar 21Apr 21May 21Jul 21Aug 21Sep 21Oct 21Nov 21Dec 21Jan 22Feb 22Mar 22Apr 22May 22Jun 22Jul 22Aug 22Sep 22Oct 22Nov 22Dec 22Jan 23Feb 23Mar 23Apr 23May 23Jun 23Jul 23Aug 23Sep 23Oct 23Nov 23Dec 23Jan 24Feb 24Mar 24Apr 24May 24Jun 24July 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 250 %1 %2 %3 %4 %5 %6 %7 %8 %9 %10 %11 %12 %13 %14 %15 %16 %
Created with Highcharts 4.0.3Discount12-month T-billsSep 09Jun 10May 10Sep 10Jun 11May 11Sep 11Nov 11Jun 12Mar 12May 12Jul 12Sep 12Dec 12Feb 13Apr 13Jun 13Jul 13Nov 13Jan 14Feb 14Apr 14May 14Jul 14Aug 14Nov 14Jan 15Feb 15Apr 15May 15Jul 15Aug 15Oct 15Jan 16Feb 16Mar 16May 16Jun 16Jul 16Oct 16Jan 17Feb 17Apr 17Jun 17Jul 17Aug 17Nov 17Jan 18Mar 18May 18Aug 18Oct 18Jan 19Mar 19May 19Jul 19Sep 19Nov 19Jan 20Mar 20May 20Jul 20Sep 20Nov 20Feb21Apr 21Jul 21Sep 21Nov 21Jan 22Mar 22May 22Jul 22Sep 22Nov 22Jan 23Mar 23May 23Jul 23Sep 23Nov 23Jan 24Mar 24May 24Jul 24Sep 24Nov 240 %1 %2 %3 %4 %5 %6 %7 %8 %9 %10 %11 %12 %13 %14 %15 %16 %

Created with Highcharts 4.0.3Coupon 2-year T-notesFeb 10Apr 10Jun 10Aug 10Oct 10Dec 10Feb 11Apr 11Jun 11Aug 11Sep 11Oct 11Nov 11Dec 11Jan 12Feb 12Mar 12Apr 12May 12Jun 12Jul 12Aug 12Nov 12Dec 12Jan 13Feb 13Mar 13Apr 13Jun 13Aug 13Sep 13Oct 13Dec 13Jan 14Feb 14Mar 14Apr 14May 14Jun 14Jul 14Aug 14Sep 14Oct 14Nov 14Dec 14Jan 15Feb 15Mar 15Apr 15May 15Jun 15Jul 15Oct 15Nov 15Dec 15Jan 16Feb 16Mar 16Apr 16May 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16Dec 16Jan 17Feb 17Mar 17Apr 17May 17July 17Aug 17Sep 17Oct 17Nov 17Jan 18Feb 18Mar 18Apr 18May 18Jun 18Jul 18Aug 18Sep 18Oct 18Nov 18Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19July 19Aug 19Sep 19Oct 19Nov 19Dec 19Jan 20Feb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Feb 21Mar 21Apr 21May 21Jul 21Aug 21Sep 21Oct 21Nov 21Dec 21Jan 22Feb 22Mar 22Apr 22May 22Jun 22Jul 22Aug 22Sep 22Oct 22Nov 22Dec 220 %2 %4 %6 %8 %10 %12 %14 %16 %18 %

Created with Highcharts 4.0.3Coupon5-year T-notesApr 11Jun 11Jul 11Aug 11Sep 11Jan 12Feb 12Mar 12Apr 12May 12Jun 12Jul 12Aug 12Sep 12Oct 12Nov 12Dec 12Jan 13Feb 13Mar 13Apr 13Jun 13Jul 13Sep 13Oct 13Dec 13Jan 14Mar 14Apr 14Jun 14Jul 14Sep 14Oct 14Dec 14Jan 15Feb 15Mar 15Apr 15May 15Jun 15Jul 15Sep 15Nov 15Jan 16Mar 16Apr 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16Jan 17Feb 17Mar 17Apr 17May 17Jun 17Jul 17Aug 17Sep 17Oct 17Nov 17Dec 17Jan 18Feb 18Mar 18Apr 18May 18Jun 18Jul 18Aug 18Sep 18Oct 18Nov 18Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19Jul 19Aug 19Sep 19Oct 19Nov 19Dec 19Jan 20Feb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21Mar 21Apr 21May 21Jun 21Jul 21Aug 21Sep 21Oct 21Nov 21Dec 21Jan 22Feb 22Mar 22Apr 22Jun 22Jul 22Aug 22Sep 22Oct 22Nov 22Dec 22Jan 23Feb 23Mar 23Apr 23May 23Jun 23Jul 23Aug 23Sep 23Oct 23Nov 23Dec 23Jan 24Feb 24Mar 24Apr 24May 24Jun 24July 24July 24Sep 245 %6 %7 %8 %9 %10 %11 %12 %13 %14 %15 %16 %
Created with Highcharts 4.0.3Coupon10-year T-notesMar 12May 12Aug 12Sep 12Oct 12Nov 12Dec 12Feb 13May 13Aug 13Nov 13Feb 14May 14Aug 14Nov 14Feb 15May 15Feb 16May 16Aug 16Nov 16Feb 17Apr 17Aug 17Oct 17Jan 18Apr 18Jul 18Oct 18Jan 19Mar 19Jul 19Oct 19Dec 19Jan 20Apr 20Jul 20Oct 20Jan 21Mar 21Jul 21Oct 21Jan 22Apr 22Jul 22Oct 22Nov 22Dec 22Jan 23Jan 23Feb 23Feb 23Mar 23Mar 23Apr 23Apr 23May 23May 23Jun 23Jun 23Jul 23Jul 23Aug 23Aug 23Sep 23Sep 23Oct 23Oct 23Nov 23Nov 23Dec 23Dec 23Jan 24Aug 24Oct 24Nov 24Dec 24Jan 258 %9 %10 %11 %12 %13 %14 %15 %16 %

 

 

DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY DONORS IN 2023 

Created with Highcharts 4.0.3Germeny: 6 %France: 4 %ADB: 33 %IBRD: 27 %AIIB: 2 %EIB: 24 %EBRD: 3 %Other: 1 %

 

 

DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY SECTORS IN 2023

Created with Highcharts 4.0.3Other: 7 %Energy: 5 %Municipal Infrastructure: 18 %Roads Infrastructure: 55 %Budget Support: 14 %Health: 0 %

 

 

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