Georgia’s domestic debt to hit 600 million lari
By Jamila Babayeva
Georgia's domestic debt will amount to around 600 million lari ($1=1.69 lari) in 2014, Georgian Finance Minister Nodar Khaduri said.
Initially, it was expected that the figure will be about 400 million lari, but the 2014 -budget envisages issuing of treasury bonds in the amount of 600 million lari, Khaduri said at a press conference on December 3.
Of this figure, around 400 million lari will be spent on the state budget needs. The rest will be placed on deposits of the commercial banks so that they would be able to give long-term investment loans, the minister said.
The Finance Ministry, Economy Ministry and the National Bank have quite interesting calculations and the increase of the credit resources by 200 million lari will benefit the country's economy, Khaduri concluded.
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