According to the Parliamentary Budget Office's macroeconomic forecasting model (PBOMFM), Georgian economy will grow by 4.9% in 2018, while in the medium-term (2018-2021) forecasted real GDP growth rate on average equals to 5.3%.
PBO forecasts that net lending/borrowing and fiscal balance will amount to -1.1% and -3.1% of GDP in 2018, 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 nominal GDP is higher (41,282 MLN GEL), while tax revenue projections (10,447 MLN GEL) are almost the same.
According to the Parliamentary Budget Office's macroeconomic forecasting model (PBOMFM), Georgian economy will grow by 4.1% in 2017, while in the medium-term (2018-2021) forecasted real GDP growth rate on average equals to 5.3%.
PBO forecasts that net lending/borrowing and fiscal balance will amount to -0.2% and -4.1% of GDP in 2017, respectively. PBO's forecasts of net lending/borrowing and fiscal balance are slightly higher than that of MOF. This mainly due to the fact that PBO's projection of nominal GDP is higher (37,341 MLN GEL), while tax revenue projections (9,568 MLN GEL) are almost the same.
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...