29.Sep .2022 11:00

Deficit Reduction Assists The NBG To Efficiently Implement Its Policy - Deputy Minister

Deficit Reduction Assists The NBG To Efficiently Implement Its Policy - Deputy Minister
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The Deputy Minister of Finance, Giorgi Kakauridze declares the adjusted project for Budget 2022 reduces the state budget deficit and helps the National Bank to reduce inflation.

The Parliament is considering the adjusted budget project. According to it, the tax plan increases by GEL 711 million reaching to GEL 14.47 billion, while the volume of expenses will increase by GEL 480 million.

"The National Bank has maintained a strict monetary policy, we are also reducing the deficit level. This helps to support the National Bank in the effective implementation of its policy, which aims to curb inflation," said Giorgi Kakauridze.

The Minister of Finance Lasha Khutsishvili announced a few days ago that the inflation level should approach the 3% target in the second half of the next year.