Georgia's state debt to be reduced in 2012
Georgia, Tbilisi, Oct. 7 / Trend N. Kirtskhalia /
According to the Georgian draft state budget for 2012, the economic growth forecast hits 5.5 percent and GDP deflator - 7 percent, the Georgian Statistics Agency reported on Friday.
Proceeding from these parameters, the forecast of nominal GDP will hit 26.494.4 billion lari, or 3.024.1 billion lari more than this year.
The tendency of reducing fiscal deficits and state debt will be continued to ensure macroeconomic stability.
According to the draft budget, the budget deficit in GDP will decrease from 3.7 percent to 3,6 percent and state debt - from 40.6 percent to 39.7 percent.
The projected index of the tax revenues of the consolidated budget is 6.405.0 billion lari, or 24.3 percent of GDP. The figure hits 475.0 million lari more than the planned figure of this year.