15.Oct .2020 15:00

Economist: Today the government does not have the luxury of providing financial support on the scale as it was before

Economist: Today the government does not have the luxury of providing financial support on the scale as it was before
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“Today the government does not have the luxury of providing financial support on the scale as it was before”, said Giorgi Papava, head of the Private Sector Development Policy Research Center at the ISET.

According to Papava, the measures taken by the state in terms of assistance to specific sectors were large-scale, which increased the country's obligations to international borrowers. However, the economist regards, that the state does not have the resources to submit the same amount of aid package at this level.

"The measures taken by the state were quite large. Consequently, the commitments that the state has made to finance the projects are significant.

Most of these projects were aimed at helping businesses, including "Produce in Georgia". Therefore, I do not think that today the Georgian government has the luxury of providing financial support on the scale as it was before", said Giorgi Papava.