Georgia’s economy expects 5 percent growth in 2014

Photo: Georgia’s economy expects 5 percent growth in 2014  / Economy news

Tbilisi, Georgia, June 10

By Nana Kirtzkhalia - Trend:

Georgia's economic growth is expected to hit 5 percent in 2014, the country's Finance Minister Nodar Khaduri told reporters on June 10.

The revenues of Georgia's state budget from tax revenues totaled 786.6 million lari [$1=1.76 lari] in January-May, 2014, which is by 130.6 million lari more than in the same period of 2013, according to the minister.

"The revenues of the country's state budget from the income tax amounted to 820.5 million lari during the reporting period, which is by 61 million lari more than in the same period of 2013," Khaduri said.

He went on to add that over 1. 269 billion lari was received from the VAT, which is by 12.3 percent more than in January-May, 2013.

Edited by CN

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