The messenger logo

State budget very optimistic

By Messenger Staff
Monday, February 1
Some economic analysts think that the 2010 Georgian state budget, like 2009's, is overly optimistic. It is based on the assumption that GDP will be GEL 21.4 billion. However this figure is already challenged by reality.

Analyst Davit Narmania thinks that nominal GDP this year will be 19.5 billion GEL. The budget prognosticates that economic growth will be 2% and inflation 6%, but these figures sound rather unrealistic for some analysts, who consider that the reality might differ rather considerably.