Finance Minister - Average economic growth rate for the first 11 months of 2022 made 10%

09-01-2023 16:00:03 Economics

Georgia’s Finance Minister Lasha Khutsishvili said on Monday that the revenue and spending components of the 2022 consolidated budget have been met.

“Consolidated budget revenues in 2022 exceeded expectations, totalling GEL 23.7 billion, 101.1% of the projected sum,” he stated during a press conference following today’s Cabinet meeting.

As the Minister mentioned, one of the major tasks was to eliminate the budget deficit. According to him, the initially planned consolidated budget deficit for 2022 was 4.4% of GDP; however, the budget deficit gradually fell during the year and amounted to 3.1%.

According to him, the inflation rate in December was 9.8%, adding that “the fall in inflation will probably speed up much more in the coming months.”

ახალი ამბები

სხვა სიახლეები