20.Dec .2021 18:00

In 2024, The Government Debt To Drop Lower Than 50% Of GDP – PM

In 2024, The Government Debt To Drop Lower Than 50% Of GDP – PM
views 158
Back

As for the Finance Ministry, our key objective in the coming years will be to maintain macroeconomic stability and fiscal sustainability, - Georgian Prime Minister Irakli Garibashvili declared at the Presentation of the Government’s 2021 Performance Report.

According to the PM, notably, before the end of this year, VAT returns will exceed GEL 1.9 billion, up by 1.1 billion compared to the old system.

“The strategic goals of debt management include reducing the government debt, increasing the share of GEL in the overall government debt, development of the government bond market, and increased focus on external debt development. This year, we are starting to reduce the state deficit annually. In 2024, the government debt will drop lower than 50% of GDP.

A complex reform of state-owned enterprises will be implemented, followed by forming enterprises encouraging economic growth instead of increasing risks”, - Irakli Garibashvili said.