2019-12-09
New jobs are the main challenge of our economy, and every state institution, the Ministry of Finance and others, are working on ensuring that there is strong business in the country, and that strong business creates new jobs, Georgian Prime Minister Giorgi Gakharia told the press after today's presentation of the Finance Ministry's report and VAT reform.
According to the Prime Minister, the country has seen an increase in FDIs, mainly at the expense of reinvestments.
The Head of Government, in his assessment of the Finance Ministry's report, pointed out the public finances and fiscal policy aspects.
"Public financial management is the key component of today's report. Public financial management is principally important both for the quality of bureaucracy and for the rapid development of our economic situation. Equally important, of course, is the fiscal policy aspect discussed today by the Minister. And the two factors define macroeconomic stability.
Statistically, the Finance Ministry has improved its performance in terms of risk management, debt management, and many other directions. Consequently, we believe that it will reflect in the economy in the nearest future," Giorgi Gakharia said.
Prime Minister's Press Office