The economy of Georgia will grow by more than three billion GEL in nominal terms and reach 33.8 billion GEL, announced Georgia’s Prime Minister Irakli Garibashvili at today’s Government meeting.
Garibashvili said the 2016 budget envisaged a three percent economic growth rate while the inflation rate would be within the parameters defined by the National Bank of Georgia (NBG), which was about 4.5 percent.
Detailed information about the 2016 budget will be revealed later today by Georgia’s Finance Minister.
Meanwhile, yesterday Georgia’s Economy Minister Dimitri Kumsishvili said: "I know the parameters of the 2016 budget. At this moment I could say only two numbers – three percent growth and four percent inflation. Though, I think announcing all other parameters is the Finance Minister’s prerogative."