Georgian government cancels banking obligations of citizens in amount of over $600 million

16:13 - 19.11.2018


November 19, Fineko/abc.az. The government of Georgia made a decision to cancel the debts of citizens to banks and other financial institutions in the amount of about 1.5 billion Georgian lari (over $600 million).

Prime Minister Mamuka Bakhtadze said that about 600,000 people of the country will be "cleared" of debts. According to the National Statistics Service of Georgia, less than 4 million people are living in the country.

The PM announced the decision to write off debts after government’s meeting. Bakhtadze explained that almost 95% of loan debts recorded in the black list consists of loans whose main amount does not exceed 2,000 lari (about $750). He stressed that speech is about the financial obligations of more than 600,000 citizens in relation to banks, online organizations or various financial institutions, which amounts to about 1.5 bn lari.

 

Вся лента