Mission of International Monetary Fund (IMF) arrives on November 15 and they will start to work on a new program.
The mission will stay to Georgia until November 22 and hold traditional meetings. The government is sure, that they will ensure IMF to sustain budget deficit at 4% point and not to achieve 6%, which is predicted by analysts of IMF.
Local analysts talk about the possible lack of 500 – 800 million to the budget. Lekso Aleksishvili noted with TV 1 (BusinessContract), that reinvestment of income tax grows opportunities and it is encouraging for the investor. However, IMF did not say that it is not useful for investment environment, as some entities have understood. Francois Painchaud merely noted in the context of macroeconomic stability influence.
Lekso Aleksishvili declared that it would be better to reduce expenditures than increase revenue sources, as surplus growth of infrastructure projects’ portfolio will be useful neither. The optimal rate is to sustain GDP at 6% frame.
“Paving Georgia with asphalt is not essential, the main cast is the vehicle to go pass”.
Feeding economy with moderate investments is essential. Aleksishvili sees resource still in the budget institutions.