*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.
 

 

 

 

 

 

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.

 

 

 

 

 

 

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.

 

 

 

 

 

 

Treasury Securities

 

 

DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY DONORS IN 2023 

 

 

DISBURSEMENTS MADE WITHIN DONOR FINANCED CREDITS BY SECTORS IN 2023