In the last 11 years, during the rule of Georgian Dream, the country's national economy has grown three times, Prime Minister Irakli Garibashvili said while presenting the government's annual report.
According to the Prime Minister, before Georgian Dream, the main way of filling the budget was business racket, and poverty was high.
"I want to remind the public what kind of economy was taken over by Georgian Dream in 2012. Let us remind you that the main way of filling the budget was business racket, poverty was high, almost over 30%, unemployment was the same. There were no prospects in the country. Business was demotivated, business had only negative forecasts and expectations. An autocratic and unjust regime was established in the country, which oppressed citizens, the citizens who went to war that the government could not avoid, and 20% of our territory is now occupied.
At that time, the economy of the whole country, the gross domestic product was about 27 billion GEL, this year the gross domestic product is 80 billion GEL, in 2024 it will become 86 billion GEL. In the last 11 years, during the rule of Georgian Dream, the national economy of the country has tripled, from 27 billion GEL to 86 billion GEL. In 2012, the budget was more than 8 billion, up to about 8 billion 500 million, next year it will be 28 billion 700 million. We have almost tripled the budget in the last 11 years. The total budget of our country has increased by 20 billion in the last 11 years," Garibashvili said.
As the Prime Minister noted, according to the World Bank's classification, Georgia has moved to countries with a higher than average income.
"The last 2 years have been very important. We had double-digit economic growth. Even this year, despite the great challenges and cataclysms that are happening in the region and the world, we managed to grow the economy of our country by more than 10% in the last 2 years. This year, we have an economic growth of 7%. We managed to fully control inflation, which is below the target rate. It fell below 1%. This pressure has been completely removed. Last year, the main challenge was the increase in prices and inflation, these risks and threats have been completely removed. We can proudly say that the result of this year's work is the management and control of inflation. According to the World Bank's classification, Georgia has moved to the countries with a higher than average income," Garibashvili noted.
