Macroeconomic Forecasts
Monday, 22 February 2016 13:39Based 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.
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