6-month target: Georgia’s Finance Minister sums up 2017 budget

Georgia’s Finance Minister Dimitry Kumsishvili has summarised the fulfilment of the six-month 2017 state budget today.

The Minister stated that due to high economic activity in the country, tax revenues of the consolidated budget have been increased.

Tax revenues reached 4.74 million GEL in six months which is 105.4 percent of the plan,” said Kumsishvili.

Meanwhile, expenditures from the State Budget in the first six months of the year have exceeded 5.31 million GEL, which is 95 percent of the six month plan and 46.6 percent of annual plan.

While talking about the factors that contributed to economic growth, Kumsishvili said these were the reforms implemented in the fiscal policy direction.