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Georgian PM Says the Country has Enough Resources Allowing the New Government to Keep their Promises

Published: October 8, 2012 | 11:56 am
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The COMMERCIAL TIMES

Vano Merabishvili, Prime Minister of Georgia, met with Aleksandre Khetaguri ,the Minister of Finance of Georgia, on October 8 to discuss the parameters of the State Treasury.

Finance Minister said the financial indicators according to the data of September 2012, are the largest during the past few years, exceeding GEL 2 billion.

PM declared that currently the country has enough money and currency reserves allowing the new government to keep the promises made before the elections.

State Treasury- GEL 920 million

Municipalities- GEL 200 million

Juridical Persons of Public Law- GEL 320 million

State enterprises- GEL 587 million

Khetaguri also the index of inflation totaled to zero and its growth was not expected in near future. Budget deficit against GDP is decreased from 3.5% to 2.8%.

Budget volume has been the largest in Georgia’s history, budgetary expenditures made- GEL 8.5 billion and consolodate budget volume exceeded- GEL 9 billion. In 2013 consolodate budget planned to be increased by GEL 500 million.

According to Khetaguri, in addition to internal resources the country also has adequate volume of international reserves. Based on Septrember, 2012 data, official reserve actives in the National Bank of Georgia exceed USD 2.9 billion.

Fianance Minister says the stability of the State budget is conditioned by the responsible and future-oriented, fiscal and monetary policy led by the government.

 

 

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