2019-10-01
Given that our economy is facing serious challenges, making proper, objective assessments is of critical importance, Georgian Prime Minister Giorgi Gakharia stated during today's meeting with economic experts.
According to the Prime Minister, it is important for the professional community to be engaged in this process, and in holding this meeting, the Government reaffirms its commitment to fierce and yet objective discussions.
The Head of Government, in discussing the 2020 state budget, pointed out that this financial document builds on the spirit of social responsibility and rests on fiscal discipline.
"Just a few days ago, the Government finalized work on the 2020 state budget, quite an interest and well-balanced document. Despite the growth of the state's social responsibility obligations, we have succeeded in keeping both fiscal discipline and capital expenditure. The approach is very simple. We understand that the state's capital expenditure is of critical importance for economic growth," Giorgi Gakharia stated.
According to Giorgi Gakharia, the 2020 state budget's main task will be to ensure control over and effectiveness of the expenditure of state institutions.
"In 2019, the state has shown a good pace in terms of capital expenditure, and we believe that this pace will continue and even grow slightly. Similarly, controlling and ensuring greater effectiveness of the capital expenditure by state institutions will surely be a major task. Simply put, we see greater effectiveness as the biggest resource. There are sufficient resources in various directions, such as social security, healthcare, and infrastructure alike, also regional-level expenditure. As you know, the capital expenditure at the regional level is currently in excess of 1,000,200,000. Accordingly, all that requires serious control, both internal and external," Giorgi Gakharia said.
Prime Minister's Press Office