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Government’s GEL 700 MLN “Optimization” Savings Are Illusory - Revishvili

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Financier Vasil Revishvili says the government’s announced optimization of state-owned enterprises is not actually being implemented.

Revishvili was responding to GD PM Irakli Kobakhidze’s recent statement that GEL 700 million saved through optimization will be returned to state-owned enterprises.

“Kobakhidze said that the saved funds will be returned to state-owned enterprises. That is, money saved on salaries and tenders will again be directed there. Based on this, nothing is really changing and nothing is being saved. Some positions might be changed, and funds may be transferred from one project to another, but this is not actual optimization,” Revishvili told BMG.

He added that while optimization and reforms are generally positive, the government’s current claims do not reflect real change:

“When Kobakhidze says that these 700 million GEL will be returned to enterprises, it means that in reality, no optimization is taking place. Today we do not know how these funds will be distributed, and only when detailed information becomes available will we understand what is really happening.”

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