Budget fulfilled by Loans
By Messenger Staff
Thursday, October 7The 2010 state budget seems to have been fulfilled rather efficiently by the Ministry of Finance and the government. However analysts believe that to recoup the deficit the government significantly increased the country’s internal and foreign debt. The GDP nominal indicator for 2010 will be GEL 19 bln, higher than last year. The target annual rate of inflation was set at 6%, however it is currently 9.5%. The country received foreign loans and grants and has utilised GEL 1.3 bln from the loans. Independent analysts think that this is a dangerous policy at the expense of future generations.