Kovzanadze: Macroeconomic Parameters Will Be Maintained in the Budget, Other Indicators May Be Adjusted

04:25 Sun, 22 May

GEO

USD

$ 2.9036

EUR

€ 3.0738

GBP

£ 3.6240

RUB

₽ 0.0476

TRY

₺ 0.0018

AZN

₼ 0.0171

Bitcoin

29,432.2000

Ethereum

1,974.6900

Bitchoin Cash

192.2650

Litecoin

69.7060

XRP

0.4150

16.Oct .2020 16:15

Kovzanadze: Macroeconomic Parameters Will Be Maintained in the Budget, Other Indicators May Be Adjusted

560

Back

"Macroeconomic parameters will be maintained in the 2021 budget, and all other indicators may be subject to change," said Irakli Kovzanadze, Chairman of the Parliament's Finance and Budget Committee, at a committee meeting where the initial version of the 2021 draft budget was discussed.

According to him, next year's budget is projected at 5% economic growth, with a nominal GDP of 54 billion 525 million, with inflation at 3%.

"According to the initial version of the budget, but I repeat, in the current pandemic situation, this figure will probably change, 17.07 billion GEL will be spent next year. Tax revenues are expected to increase to 10.45 billion GEL by 2021 - 1.1 billion GEL more than this year." - said Irakli Kovzanadze.

Today, the Finance and Budget Committee held a concluding session on the first version of the draft budget for 2021. The draft budget will be returned to the government with comments and remarks from the Parliament. A revised version of the document is required by law to be submitted to Parliament no later than November 5th.

Parliament of Georgia Irakli Kovzanadze Finance and Budget Committee