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
Tweet 
Share
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.