Georgian PM: Government expenditures to be under 3.9% of GDP
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Georgian Prime Minister Mamuka Bakhtadze has introduced his ‘small government’ today, pledging to keep government expenditures under 3.9 percent of the country’s gross domestic product (GDP).
By reducing government expenditures Bakhtadze hopes to save 100-120 million GEL (about $41 million to $49 million), ‘which would be redirected to social programmes’.
This is the best practice, international experience. This is the limit that leads to a successful economy”, said Bakhtadze.
In his words, next year’s budget should be planned along these lines.
To note Bakhtadze presented the new governmental structure today which includes 10 ministers and one state minister’s office.
The number of ministers will be reduced from 14 to 11.
The 14, currently existing ministries will be reduced to 11: 10 ministries and 1 state minister office. Prime Minister of Georgia Mamuka Bakhtadze has announced changes planned for the cabinet as part of his plan to reduce administrative costs in the state bureaucracy.
Candidate for Prime Minister Mamuka Bakhtadze has presented his vision about the country’s economic development at an extraordinary parliamentary session on June 20.
"Our first idea is to fully annul the tax arrears of the period before January 1, 2013”, PM designate Mamuka Bakhtadze said at the parliamentary majority meeting today. Bakhtadze presented the governmental program ‘Freedom, fast development, prosperity’ to MPs today.
The Georgian Dream ruling party candidate for Prime Minister Mamuka Bakhtadze announced at today’s briefing that the number of ministries will decrease from 14 to 11.
Georgian Prime Minister Mamuka Bakhtadze has confirmed his resignation in a long Facebook post earlier today, in which he cited the key challenges Georgia faces, in addition to the achievements the country has seen during his tenure.