The Minister of Finance, Ivane Machavariani, answered the question of BMG from what sources the Government of Georgia will finance the aid package announced in parallel with the new restrictions. He said the state would not need to borrow new debt to finance the 1.1 billion.
"You know that in the coming days, we will enter the parliament with the draft budget. In 2021 we will maintain a high deficit level, and we said we would have to maintain a high deficit. This will be the source of funding. The funds that we have attracted this year and for which signatures have already been signed, the debts we raised this year, which was $ 1.5 billion to deal with Covid," Ivane Machavariani said.
The Minister of Finance also said that even though due to the crisis, the budget deficit of Georgia has increased, the country has a good reputation. Therefore, if necessary, it will be possible to attract new resources.
