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Daily News

October 11, 2021

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economics

    DRAFT OF GEORGIA’S STATE BUDGET-2022 ENVISAGES 1.44B LARI FOR FOREIGN OBLIGATIONS’ SERVICING AND PAYMENT

    Draft of Georgia’s state budget-2022 envisages allocation of 1.44 billion lari for servicing and payment of the country’s state foreign obligations next year.

    To compare, draft of the state budget-2021 envisaged for that end 3.03 billion lari (respectively, the volume reduces 2 times in 2022).


    DUE TO EMISSION OF SECURITIES IN 2022, GEORGIA’S DOMESTIC STATE OBLIGATIONS TO INCREASE BY 1.3B LARI

    Draft of Georgia’s state budget-2022 envisages growth of domestic state obligations by 1.3 billion lari next year, through emission of state securities.

    To compare, the state budget-2021 envisages reduction of domestic liabilities in part of state securities by 150 million lari.


    IN 2022, RATIO OF GEORGIAN GOVERNMENT’S DEBT TO GDP TO DECREASE BY 1.8 PP

    Draft of Georgia’s state budget-2022 envisages that the government’s debt to amount by the end of the next year to 26.64 billion lari. This corresponds to 52.7% of the projected GDP for 2022 (the limit, set by the legislation, makes up 60% of GDP).


    IN 2022, NEGATIVE BALANCE OF GEORGIA’S UNIFIED BUDGET SHOULD BE REDUCED TO 4.3% OF GDP

    Draft of Georgia’s state budget-2022 envisages that total balance of the country’s unified budget should make up negative 2.62 billion lari in the next year. This volume corresponds to 4.3% of the projected GDP for the next year (the limit, set by the legislation, makes up 3% of GDP).


    REGULATING COMMISSION: IN NEAR FUTURE, ELECTRICITY TARIFF WILL NOT BE INCREASED

    Georgian National Energy and Water Supply Regulating Commission assures that it does not plan to increase the electricity consumer tariff in near future.

    The Commission confirms that it has launched public administrative proceedings in connection with establishment of the electricity tariff.


    ACCESS ROAD TO BETANIA MONASTERY TO BE REHABILITATED

    Georgian Roads Department declared about start of rehabilitation of the road, accessing to Betania monastery. The matter concerns a 7-km section of a road of domestic importance.


business

    INVESTORS FROM DENMARK, NORWAY AND FINLAND TO VISIT TBILISI

    On October 20-21, Tbilisi will host investors from Denmark, Norway and Finland (so-called business angels, or private venture funds), reported Tbilisi City Hall.

    Up to 15 representatives of Danish Business Angels (DanBAN), Business Angels Norway, Finnish Business Angels Network (FiBAN) and other organizations will visit Tbilisi, the City Hall specified.


society

    TBILISI CITY HALL TO DONATE FUNDS, ENVISAGED FOR “TBILISOBA”, TO AFFECTED FAMILIES IN BATUMI

    Tbilisi Mayor Kakha Kaladze declared that the funds, envisaged for holding of Tbilisoba (the city fest), will be donated to the fund for assistance to families of victims of the tragedy in Batumi.

    This year, Tbilisoba was planned to be held on October 24, in a TV format, for which up to 500,000 lari was envisaged.


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