Georgian government to inform public on financial state

Georgian PM Vano Merabishvili and the finance minister have informed the public about the government's financial state and currency reserves.

According to the information, the greatest sum within last years - 2 billion lari ($1 = 1.65 lari) has accumulated on state account in September. Some 920 million lari are on the account of exchequer, 200 million - local administration agencies, 320 million - juridical persons of public law, 587 million lari - deposits of state companies.

The indicators of the 2013 budget, which has already been presented to parliament in accordance with Georgian constitution, are positive. According to state budget project, budget deficit has been reduced from 3.5 per cent ... GDP to 2.8 per cent.

According to Finance Minister Alexander Khetaguri, apart from domestic resources, Georgia has adequate volume of international reserves. As of September, reserve assets in National Bank amount to $ 2.9 billion.

The minister noted that inflation indicators as of September are low, annual inflation indicator is around zero, its growth is not expected. According to forecasts, the annual inflation indicator is going to be low within 2012-2013.

Khetaguri underlined that the state has stable positions from the financial point of view, which is a result to responsible and future oriented fiscal and monetary policy.

In his turn, the prime minister Vano Merabishvili stated that the state has sufficient funds and currency reserves to fulfill pre election promises.

Merabishvili wished success to new government, which is going to be approved by parliament in short run.


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