Georgia: PM promises reduction of foreign debt and budget deficit through “unprecedented” economic growth
Georgian Prime Minister Irakli Garibashvili on September 12 announced amendments to the country’s budget bill to reduce its foreign debt to 40% of the gross domestic product, and budget deficit to 3.2% of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves. Speaking during the cabinet meeting, the Government head said the…
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