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Daily News: Economics
October 12, 2017


FINANCE MINISTER: CONSUMPTION OF TOBACCO IN GEORGIA DECREASED BY 25%, WHILE THE BUDGET REVENUES FROM TOBACCO EXCISE INCREASED BY 150%

Georgia’s Finance Minister Dimitri Kumsishvili said that rate of excise on tobacco products was increased in Georgia 5 times for the last 4 years.

As a result, official statistics show that tobacco consumption in Georgia decreased by 25%, while the budget’s revenues from tobacco excise increased by 150%, the Minister said.

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