Finance Minister spoke about strengthening of macroeconomic stability of Georgia

2019/11/65406-1573716656.jpg
Read: 1085     11:00     14 Ноябрь 2019    

"Our policy has significantly enhanced macroeconomic stability in Georgia, increasing the role of the fiscal sector in promoting economic growth," said Georgian Finance Minister Ivane Machavariani, speaking at a session of the Georgian Parliament.

"Fiscal policy and budgeting for 2017-2020 were based on three main principles: reducing the financial deficit, controlling current expenditures and increasing capital expenditures. These principles formed the basis of the program of the International monetary Fund, all directions of which were successfully implemented by the government, " Machavariani said.

Presenting the state budget of Georgia for 2020, the Finance Minister stressed that the priority for the Georgian authorities is still the development of infrastructure projects in the country.

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Finance Minister spoke about strengthening of macroeconomic stability of Georgia

2019/11/65406-1573716656.jpg
Read: 1086     11:00     14 Ноябрь 2019    

"Our policy has significantly enhanced macroeconomic stability in Georgia, increasing the role of the fiscal sector in promoting economic growth," said Georgian Finance Minister Ivane Machavariani, speaking at a session of the Georgian Parliament.

"Fiscal policy and budgeting for 2017-2020 were based on three main principles: reducing the financial deficit, controlling current expenditures and increasing capital expenditures. These principles formed the basis of the program of the International monetary Fund, all directions of which were successfully implemented by the government, " Machavariani said.

Presenting the state budget of Georgia for 2020, the Finance Minister stressed that the priority for the Georgian authorities is still the development of infrastructure projects in the country.

apsny.ge





Tags: