The country's economic growth in double digits, increasing export, and scaling up tourism revival dynamics were the key topics discussed at today's Economic Council meeting chaired by Georgian Prime Minister Irakli Garibashvili.
The meeting underlined the country's economic situation, with focus on a continuous economic growth in double digits. In particular, May 2022 saw an 11.6% economic growth, with the growth in January-May reaching 11.2% on average.
The meeting also discussed factors contributing to the economic growth, including positive trends in local export and continuous tourism revival. The meeting pointed out that, in May 2022, export grew by 54.3%, with local export up 63.3%. In terms of tourism, the revenues from travelers in January-May were up 75.3% to make up 840.9 million USD.
The meeting at the Government Administration also discussed the positive trends in budget fulfillment in the first half of 2022, with overall revenues and tax revenues over-performed, similar to state budget earnings that made up a total of GEL 9.1 billion. Special focus was made on the fact that the combined budget deficit made up as little as 0.3%, showing that planned fiscal consolidation is well underway, with its annual statistics expected to decrease significantly by the end of this year to make up only 3.5% instead of initially forecasted 4.4%.
See all the news
All
LEADx Change Unveils Season 4 of Leadership Accelerator & Public Square Summit
Forbes to be Acquired by Entrepreneur and Philanthropist Austin Russell
Arrival Hosts Yet Another Successful Metaverse Event: A Recap of the Latest Conference
#საქმიანიდილა - 28 აპრილი - პროლოგი
The company "Tam Management" makes an explanation
#forbesკვირა - ქალაქები,სადაც ცხოვრებაში თანხებს გიხდიან
წერეთლის გამზირის რეაბილიტაცია - სავაჭრო ობიექტების მოლოდინები
როგორ შეიცვალა საცხოვრებელი უძრავი ქონების ფასი 12 წელში?
როდის გაიხსნება რიკოთი?
სახელმწიფო მხარდაჭერის ეფექტიანობა DCFTA-ის ბაზრებზე – ISET-ის კვლევა
"Georgia will be faithful to the European path... I serve this path" - Ambassador of Georgia to France
Cavea plus-ის 6 თვის შედეგები და გამოწვევები
Gold is shining in the new geopolitical world
VR Holding is starting a large-scale and innovative project in Shekvetili
JSC “Rustavi Azot” was sold
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
State to build Anaklia Port
NG Georgia - თარგმანი ყველა ენაზე
The Rich Often Enjoy Tax Break - Deputy Minister
Israel Got Acquainted With The Business Tourism Potential Of Georgia