Minister of Finance candidate pledges to put fiscal stability first

  • “On the one hand, the resources should be allocated fairly and on the other hand, we should maintain a low budget deficit”, said Matchavariani. Photo: Georgian Ministry of Finance. 

Agenda.ge, 5 Sep 2019 - 19:52, Tbilisi,Georgia

Fiscal stability will be put first, said candidate for Minister of Finance Ivane Matchavariani today in parliament.

He noted that fiscal policy is the only instrument of the government to ensure macroeconomic stability and accelerate economic growth.

On the one hand, the resources should be allocated fairly and on the other hand, we should maintain a low budget deficit”, said Matchavariani.

He also spoke about reforms aimed at improving the business environment and bringing tax and customs legislation closer to EU legislation.

Starting September 1, a new customs policy came into force, which significantly simplified customs procedures, stated Matchavariani. He also added that public hearings on the new tax code are underway.

A new customs code has been in place since September 1, which significantly simplified customs procedures. He said public hearings on the new tax code were also being prepared.

Harmonisation with EU legislation will allow entrepreneurs to carry out economic activities in EU countries without additional tax and customs procedural barriers, said Ivane Matchavariani.

The Ministry of Finance will soon present a bill  that will provide additional funds for municipal projects planned for completion in 2020.

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