In 2019, 11 investment projects financed with external debt in the amount of GEL 243 million have implemented by 0%, it is said in the annual report on the implementation of the 2019 state budget, presented by the Audit Service of Georgia.

According to the report, there is some delay in the implementation of investment projects.

"In 2019, the utilization rate of 11 investment projects was zero, and of 27 projects – less than 70%. As a result of it, out of the total tax liabilities paid during the year (4.8 million GEL) within the framework of investment loans, 1.2 million GEL was paid for 9 investment credits with less than 70% utilization, ”the audit report reads.

According to the Audit Office, it is important for the project implementing agencies to ensure the timely and efficient use of the allocated loans.