Too expensive to service loans

In the 2011 budget, almost half a billion GEL has been envisaged to service state loans. Part of this amount will go to cover foreign loan servicing. The other will go to the servicing of internal loans. However no exact figures are available about internal loans. According to data from the ministry of finances, the internal loan is approximately GEL 1.7 bln. All these loans need to be paid back together with interest rates.