BAKU, Azerbaijan, Nov. 19
By Tamilla Mammadova – Trend:
There will be no need to continue mortgage subsidy program in 2021 in Georgia, said Minister of Finance Ivane Machavariani, Trend reports via Georgian media.
Reportedly, the budget allocated for the mortgage subsidy program has already expired. The finance minister saysid a large part of the amount is disbursed, though no specific number has been named.
"A large part of the amount is disbursed, probably 60 percent, but the number might be specified. The main thing is that there are no plans to continue at this stage, we have given a very good incentive to the sector. Despite that we have an economic downturn in this sector, the growth is quite impressive and this done at the expense of this program. We think the program was right, but we hope there will be no need to continue this program in 2021", Machavariani said.
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