Based on the PBO's Macroeconomic Forecasting Model, economy is expected to grow at 3.5% in 2016, while in the medium-term (2017-2019) forecasted real GDP growth rate on average equals to 4.9%.
Based on the PBO's forecasts, net/lending borrowing will amount -1.2% of GDP in 2016 that slightly differs from MoF forecast. Particularly, PBO projects that budget revenue will equal 8,694 mln GEL that is slightly less than forecasted value represented by MoF. It is worth to mention that projected values of budget expenditures are taken exogenously from the MoF medium term plans represented in the BDD baseline scenario.
02-10-2020
As part of the effective implementation of legislative activities by the Parliament, to further refine the examination of financial impact of the bills mechanism and to facilitate its implementation in...
02-10-2020
In order to facilitate the effective implementation of budgetary authority by the Parliament, and to strengthen the capacity of the Fiscal Environment Assessment and Monitoring by the staff of parliamentary...
02-10-2020
In order to facilitate the effective implementation of the budgetary authority by the Parliament, on September 22-23 of this year, the Training Center of the Parliament of Georgia organized a...