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Saturday, 24 March 2018


Golden eggs by Saakashvili

2009-10-07 23:59

4196.jpegThe presentation of Georgian president's new initiative bearing a spirit-stirring name of "Economic Freedom Act" was attended by deputies, a large number of journalists and representatives of the diplomatic corps. Mikheil Saakashvili spoke about democracy, liberalization of economy, creation of favorable conditions for investments... He addressed the attendees calling them to turn "today's egg into tomorrow's chicken".

The Georgian president is going to minimize the role of the state in national economy banning creation of new regulating authorities and preserving the existing ones.


Mikheil Saakashvili's Economic Freedom Act contains three assertions: on economic freedom per se, on opportunities and social protection.

Freedom shall be granted by the government whose intervention in company activities will be minimal and guaranteed by low taxes and reliable protection against bureaucracy.

Opportunities for entrepreneurs will be ensured by free economy and transparent governance as well as open education, conscientious work and fair play.

Social protection shall be guaranteed by fair distribution of state aid to those who are unable to use the opportunities they have.

Saakashvili suggests cutting budget costs to max 30% of GDP. The foreign debt shall not exceed 60% of GDP. These provisions shall be spelled out in the Constitution, the head of the state believes.

He promises that people will no more be strangled by excessive taxes and set-up of additional regulatory bodies.

The Economic Freedom Act shall ban introduction of additional new licenses and permits. The Georgian government shall solve tax amount issues by referendum. "It will be up to people in fact", - the president underlined.

"We must try and turn today's egg into tomorrow's chicken", - Saakashvili explained his idea to the deputies.

He emphasized that Georgia's way is economic liberalization. "We have a great variety of parties but we, Georgians, are one party. We have many companies, but Georgia is one company on whose success each country equally depends", - Mikheil Saakashvili said winding up his speech in parliament.

Parliamentary majority supported the president's initiatives with a storm of applause. The opposition, however, don't approve of the Act.

Representatives of the parliamentary minority believe these are again empty phrases without the core needed for implementation of any initiative, which is political will.

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