Minister of Finance: Economic growth in January and February was 16.3%, although, naturally, the war in Ukraine will have a significant impact not only on Ukraine and Russia, but on all countries in the region

At this stage, there is no need to change the state budget, Minister of Finance Lasha Khutsishvili stated at the press conference.
As the Minister noted, "the current situation in the country is substantially different from what it was at the end of last year, when the budget was planned."
According to Khutsishvili, the need for relevant changes may arise in the second half of this year.
The Minister says that it is important to have more information and more clarity about the geopolitical situation.
At the same time, Lasha Khutsishvili spoke about the factor of the ongoing war and said that the economic growth for 2 months was 16.3%, although the war in Ukraine will have a significant impact on the world economy.
"There are different forecasts in this direction. Naturally, when we talk about the budget, the annual document, it is important to have a long-term vision, not specifically for one or two months, but for 6 months, about how the geopolitical situation in our region will develop. Naturally, the need for some changes may arise, however, we do not have the opportunity to say this at this stage, given that the uncertainty is quite high. I think this issue may arise in the second half of the year, when we will have more clarity.
You know that January and February were characterized by quite high economic growth in Georgia. Economic growth in these two months was 16.3%, although, naturally, the war in Ukraine will have a significant impact not only on Ukraine and Russia, but on all countries in the region, including the world economy. Therefore, it is important that we have more information and more clarity about the geopolitical situation. There is no need to change the budget at this stage," Lasha Khutsishvili said.








