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PM: Georgia’s Real Economic Growth will Be Higher than Planned

Georgia is recording the best economic growth indicators and best quality of fiscal management in the Region, Georgian Prime Minister Giorgi Kvirikashvili noted regarding a completion of the first review of International Monetary Fund’s (IMF) mission and stressed positive results of this mission.

The Prime Minister noted that Georgia’s fiscal indicators absolutely meet the determined frameworks, while real economic growth indicators have exceeded the plan.

“By the end of this year, we will have higher economic growth than planned. This is a very positive fact. Naturally, International Monetary Fund (IMF) has also revised the growth indicators and lifted the outlook to 4.3%. However, we expect higher growth by the end of 2017. Our economic team led by Ministry of Finance has provided efficient job. I believe Georgia has one of the healthiest fiscal management systems in the regions, as well as our economic growth signifies that Georgia has successfully overcome the regional crisis after the developments in Ukraine. Today we have considerable recovery tendency in not only Georgia, but also in the Region. However, Georgia is recording one of the best growth indicators and the country has the best quality of fiscal management. Naturally, this is the result of coordinated and good job by Government of Georgia and National Bank of Georgia”, the Prime Minister said.