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Effect of State Procurement on Economic Growth

Published: August 27, 2013 | 10:28 am
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Is there a link between the country’s slow economic grow rates and the change of priorities in the State procurement area? According to the Transparency International-Georgia data, the electronic tenders show that the State has spent 293 million GEL on infrastructure projects in 2013, while the figure was 654 million in 2012. Mathias Huter, an analyst for Transparency International-Georgia, states that the new government has suspended numerous infrastructure projects, their future now hanging in the balance. According to Mr. Huter, it is well possible that a shortage of construction contracts has contributed to the slowing of the country’s economic growth. He further explains that the decrease in State procurement in the infrastructure sector is linked to the new government’s priorities, and a heavier focus on social projects.
A spokesman at the State Procurement Agency has declined to make a specific comment on the issue, merely stating that State procurement has increased in certain areas, and decreased in others.

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