“TI GEORGIA”: AS OF JUNE 30, DEBT OF THE GOVERNMENT MADE UP ABOUT 49% OF GDP FOR THE LAST YEAR
TI Georgia, Georgian branch of Transparency International, prepared review of 6-month results of execution of Georgia’s state budget-2020, which indicates that debt of the government as of June 30 made up 24.1 billion lari, or 49% of GDP for the last year.
As of December 31, 2019, debt of the government made up 20.6 billion lari, or 41.3% of last year’s GDP.
“TI GEORGIA”: AS OF 6 MONTHS, FACTUAL DEFICIT OF GEORGIA’S STATE BUDGET MAKES UP 2.3B LARI
Deficit of Georgia’s state budget was planned for 6 months of 2020 at the level of 924 million lari, while revised because of COVID-19 plan envisages growth of the volume up to 2.06 billion lari (i.e. 2.2 times), specifies TI Georgia, Georgian branch of Transparency International.
At that, factual 6-month deficit of the budget amounted to 2.3 billion lari (by 12% more that the revised plan envisaged), the organization notes.
“TI GEORGIA”: SUM, ALLOCATED FOR UNIVERSAL HEALTHCARE PROGRAM, APPEARED INSUFFICIENT AGAIN
Sum, allocated for 6-month implementation of the country’s universal healthcare program, appeared insufficient again, the same way as in the previous year, notes TI Georgia, Georgian branch of Transparency International.
In particular, initial plan was increased by 89 million and made up 523 million lari (respectively, growth makes up 20.5%), the organization specifies.
“TI GEORGIA”: IN GEORGIA, DATABASE OF STATE PROCUREMENTS IS STILL INACCESSIBLE IN PROCESSABLE FORMAT
TI Georgia, Georgian branch of Transparency International, points that the country’s database of state procurements is still inaccessible in processable format.
Even after 10 years since public procurement system was digitized, interested parties have no simple and direct access to summarized data on purchases, the organization specifies.
“COLLIERS INTERNATIONAL GEORGIA”: RATE OF VACANT COMMERCIAL REALTY INCREASED IN TBILISI
In the first half of the current year, rate of vacant commercial real estate in Tbilisi has increased, Colliers International Georgia declared.
Market review of the company touches upon situation on streets of the city, most loaded with commercial facilities, and indicates in particular that rate of vacant space on Rustaveli Avenue at the end of 2019 made up 4%, while in the first half of this year – 12%.
ISET: DESPITE LACK OF LEGISLATIVE BASE, SEVERAL AGRITOURIST OBJECTS ALREADY OPERATE IN GEORGIA
Article, published in the blog of Policy Institute of International School of Economics at Tbilisi State University (ISET-PI), says that despite absence of corresponding legislative base, several agritourist objects already operate in Georgia.
In particular, authors of the article report with reference to Georgian Ministry of Environmental Protection and Agriculture that 16 farms offer lodging for the night and tourists services to visitors.
TBILISI SUBWAY WORKS UNTIL 24:00 AGAIN
Since today, Tbilisi subway returns to standard operating mode, Tbilisi Transport Company reported. That means that subway transports passengers from 06:00 until 24:00.
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