Finance Minister highlights Gov’t steps to “stabilise macroeconomic situation” after pandemic
He also said the country’s economic parameters were “quickly restored” and “all sectors had been given the opportunity for rapid growth”, while the exchange rate of the domestic currency was stabilised. Photo: Ministry of Finance
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Georgian Finance Minister Lasha Khutsishvili on Friday highlighted the Government’s steps to “stabilise the macroeconomic situation” in the country after the Covid-19 pandemic.
In his address to a panel discussion organised by the Georgian Business Association, Khutsishvili said the Government was able to “achieve fiscal consolidation in a short period of time”, and added Georgia had “shown one of the successful examples” in the process.
[...] [B]oth in the direction of the deficit and the amount of debt, our country is on a safe level today, and the example of Georgia is one of the outstanding ones, not only in the [wider] region, but also in the world, showing how the country was able to maintain a fairly stable fiscal framework in such a short period of time”, he added.
He also said the country’s economic parameters were “quickly restored” and “all sectors had been given the opportunity for rapid growth”, while the exchange rate of the domestic currency was stabilised.
Georgian Finance Minister Lasha Khutsishvili on Wednesday told the country’s Parliament its recent macroeconomic parameters “are on par with or exceed” those of European Union member and candidate countries.
Georgian Economy Minister Levan Davitashvili on Monday said “many important tasks” were set to be accomplished by his office in 2024, adding the Government would work in a “coordinated, high-level manner” to achieve the goals.
Georgian Economy Minister Levan Davitashvili on Sunday said he hoped the national economy would continue growth this year and see the gross domestic product per capita reach the $8,500 mark.
Georgian Finance Minister Lasha Khutsishvili on Wednesday presented the final version of the draft state budget for 2024 to the Parliament and said the document reflected programmes that “fully respond” to the “main tasks” of the country.