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Deposit Guarantee Schemes (DGS)

Deposit guarantee schemes (DGS) provides the compensation of the individuals’ deposits up to 5000 GEL or its equivalent in any other currency, when the event of covered loss occurs. In addition, scheme will cover all depositors first 5 000 GEL equivalent, despite the volume and currencies of the deposits. According to the draft law presented to the Parliament, the insurance fund target level will be 6% of the total eligible, covered deposits. The main source for financing of the insurance fund, among another sources, will be monthly regular payments, which should amount less than 0.067% of the insured GEL and 0.1% of the insured USD deposits. Read More
State Budget Execution - Feb, 2017

According to the 2017 state budget law, total receipts are set for 11,457 mln GEL and total payments are set for 11,415 mln GEL. As for the execution, currently, according to 2-month performance total receipts amount to 13% of the annual plan and have increased by 25% (i.e. 292 mln GEL) compared to the last year’s same period performance. Total payments amount to 13%of the annual plan and has increased by 7% (i.e. 94 mln GEL) compared to the last year’s same period performance. Read More
State Budget Execution - Jan, 2017

According to the 2017 state budget law, total receipts are set for 11,457 mln GEL and total payments are set for 11,415 mln GEL. As for the execution, according to January performance total receipts amount to 7% of the annual plan and have increased by 25% (i.e. 158 mln GEL) compared to the last year’s same period performance. Total payments amount to 7% of the annual plan and has increased by 13% (i.e. 87 mln GEL) compared to the last year’s same period performance. Read More
Macroeconomic Forecasts - December 2016

According to the Parliamentary Budget Office's macroeconomic forecasting model (PBOMFM), Georgian economy will grow by 3.8% in 2017, while in the medium-term (2017-2020) forecasted real GDP growth rate on average equals to 5.1%. PBO forecasts that net lending/borrowing and fiscal balance will amount to -1.5% and -5.5% of GDP in 2017, respectively. PBO's forecasts of net lending/borrowing and fiscal balance are slightly lower than that of MOF. This mainly due to the fact that PBO's projection of revenues (9 170 mln GEL) and nominal GDP are also lower those of MOF's. Read More

News

News from the Parliamentary Budget Offic…

29-03-2017

News from the Parliamentary Budget Office: In addition to the Annual Macroeconomic Forecasts Parliamentary Budget Office will produce quarterly forecasts for economic growth starting from the 2nd quarter, 2017.

Regional Meeting of the Parliamentary Bu…

13-03-2017

On 11-12 March of 2017, regional workshop for Parliamentary Budget Offices was held with the support of Westminster Foundation for Democracy(WfD) and German Society for International Cooperation(GIZ).

The visit to Great Britain to be accompl…

07-02-2017

The Parliamentary Delegation, holding the meetings in the British Parliament, will accomplish the 3-day visit today. The visit, aimed at enhancement of Parliamentary oversight and exchange of experience, is organized...