The FINANCIAL — Gross External Debt Statistics is harmonized with BOP statistics. Besides of public sector debt, it includes private sector's (Banking and Other sector) external debt.
Gross External Debt of Georgia by September 30 of 2012 amounted to 13.0 billion of USD (21.7 billion of GEL), of which 4.2 billion of USD (6.9 billion of GEL) (31.9%) is public sector debt, 651.8 million of USD(1.1 billion of GEL) (5.0%) – National Bank's debt, 2.2 billion of USD (3.7 billion of GEL) (17.0%) – Banking sector's debt, 3.1 billion of USD (5.1 billion of GEL) (23.4%) – other sector's debt and 3.0 billion of USD (4.9 billion of GEL) (22.6%) is intercompany lending. 94.0 percent of the Gross External Debt of Georgia is denominated in foreign currency.
As National Bank Of Georgia announced, during the third quarter of 2012, Gross External Debt of Georgia increased by 1.0 billion of USD (1.7 billion of GEL), In which, operational changes led to increase in gross external debt of Georgia by 821.3 million of USD (1.3 billion of GEL), price changes – by 115.4 million of USD (190.5 million of GEL), exchange rate changes – by 79.3 million of USD (130.9 million of GEL) and other changes – by 11.6 million of USD (19.1 million of GEL).
Public sector debt has increased by 293.8 million of USD (485.0 million of GEL) during the reporting period, of which, operational changes has resulted it's grow by 211.4 million of USD (349.0 million of GEL). Price and exchange rate changes increased the public sectors external liabilities by 82.4 million of USD (136.0 million of GEL).
External liabilities of the National Bank of Georgia decreased by 54.2 million of USD (89.4 million of GEL), of which 65.4 million of USD (108.0 million of GEL) decline was due to operational changes and 11.2 million of USD (18.6 million of GEL) rise due to exchange rate changes.
External liabilities of banking sector, during the reporting period grew by 149.1 million of USD (246.1 million of GEL); of which the 142.1 million of USD (234.7 million of GEL) was due to grew by operational changes and 6.9 million of USD (11.4 million of GEL) was due to grew by exchange rate changes. Banking sector external liabilities' 60.8 percent (86.5 million of USD and 142.8 million of GEL) increase by the operational changes is on Short-term loans. The Long-term external liabilities of the banking sector have increased by 39.2 % due to operational changes, which is amounted to 55.5 million of USD (91.9 million of GEL).
Other sectors' external liabilities increased by 572.6 million of USD (945.5 million of GEL), of which 545.9 million of USD (901.3 million of GEL) and 95.3 percent grow is on nonfinancial corporations' external liabilities. Other sectors liabilities increased due to operational changes by 470.1 million of USD (776.2 million of GEL), due to price changes by 80.5 million of USD (132.9 million of GEL), due to other changes by 14.4 million of USD (23.8 million of GEL) and due to exchange rate changes by 7.2 million of USD (11.9 million of GEL).
Intercompany lending increased by 66.6 million of USD (110.0 million of GEL). In which operational changes lead to its increase by 63.1 million of USD (104.2 million of GEL) and exchange rate changes – by 6.4 million of USD respectively (10.5 4 million of USD). While other changes changes lead to its decrease by 2.8 million of USD (4.7 million of GEL).
91.6 percent of increase in foreign liabilities was observed in loans denominated in foreign currency (940.9 million of USD and 1.5 billion GEL) and 8.4 percent of grow is the loans dominated in national currency, which equals to 86.6 million of USD (143.0 million of GEL). By September 30 of 2012 the amount of the external liabilities dominated in foreign currency was 12.3 billion of USD (20.2 billion of GEL) and liabilities dominated in national currency were equal to 789.4 million of USD (1.3 billion of GEL).
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