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Volume of paid salaries decreases in Georgia

Finance Materials 21 October 2020 17:30 (UTC +04:00)
Volume of paid salaries decreases in Georgia

BAKU, Azerbaijan, October 21

By Tamilla Mammadova – Trend:

In September, Georgian Ministry of Finance mobilized 221.9 million lari ($69.3 million) from the income taxes, which is down by 37 million lari ($11.5 million) or 14.4 percent comparing to 2019, Trend reports via the ministry.

However, the reduction of income tax indicates to the decline of paid salaries in the country.

Reduction of income tax by 37 million lari means that the volume of paid salaries is down to 186 million lari ($58 million).

In total, income tax amounted to 2.2 billion lari ($687.1 million) in 9M2020, which is 133.6 million lari ($41.7 million) less comparing to the same period of 2019.

This means that the volume of paid salaries was down by 670 million lari ($209.2 million) in January-September 2020.

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