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Economic Press Monitor


July 17, 2017

IN THIS ISSUE:

1. IN 2018, INFLATION WILL DECREASE AND PRICES WILL STABILIZE
2. WB: IN GEORGIA, RAISED TAXES DAMAGE MOSTLY POOR SEGMENTS OF THE POPULATION
3. WORLD BANK: BUDGETARY REVENUES IN GEORGIA ARE LIMITED BY THE FREEDOM ACT

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1. IN 2018, INFLATION WILL DECREASE AND PRICES WILL STABILIZE
Macroeconomics & Budget

Georgia’s First Deputy Premier and Finance Minister Dimitri Kumsishvili points that “in July, inflation reaches peak and, since July, general price growth should decrease”. “In 2018, we expect inflation of 3% and prices should be stabilized”, he notes.

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2. WB: IN GEORGIA, RAISED TAXES DAMAGE MOSTLY POOR SEGMENTS OF THE POPULATION
Macroeconomics & Budget

By request of Georgian Finance Ministry, the World Bank (WB) has prepared report “Review of Public Expenditures”, the magazine reports.

In the report, the WB notes that public expenditures will remain on a high mark in short and long-term periods, one of which reasons are social expenses, including universal healthcare program, the article says.

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3. WORLD BANK: BUDGETARY REVENUES IN GEORGIA ARE LIMITED BY THE FREEDOM ACT
Macroeconomics & Budget

“Budgetary revenues in Georgia are limited by the Freedom Act”, the report prepared by the World Bank (WB) states. Therefore, the government has to pay attention to compliance of public expenditures with financial stability, the document indicates.

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