Int’l experts praise Georgian fiscal policy during pandemic

International experts have praised Georgia’s fiscal policy during the pandemic, calling it ‘correct and prompt’, reports the government’s press office.

Global experts working on Georgia’s post-crisis economic plan have arrived in Georgia today. 

They mentioned that the Georgian government’s steps towards supporting citizens affected by the pandemic, and businesses, are in line with the world’s best practice and are ‘significantly larger than the country’s resources’.

The experts have recommended Georgia continue its ongoing reforms and work on the development of even more effective mechanisms to support the private sector.

While discussing the existing taxes in Georgia, experts mentioned that the share of the country’s budget revenues in GDP is lower than in other countries, which once again illustrates that Georgia has low taxes.

• Georgia working with experts from the Cambridge, University of London, Deloitte on post-crisis economic plan
• Deloitte experts give feedback on Georgian fiscal, monetary, sectoral economic policies, recommendations to Georgian government

With the financial support of USAID (United States Agency for International Development), the Georgian government continues working on the country’s medium and long-term economic recovery plans in cooperation with international experts.

In mid-June experts from Deloitte noted that Georgia has highly assessed the anti-crisis measures taken by the government of Georgia and its sectoral support, noting that the country has good opportunities to become a more attractive investment platform in the region.