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Monday, 24 October 2016


Saakashvili’s new economic initiatives to be discussed at the parliamentary bureau’s sitting

2009-11-16 11:19

New economic initiatives of President Mikheil Saakashvili will be discussed at today's sitting of the parliamentary bureau.


The government will present the Parliament the draft of amendments to the budget and tax legislation, which will reflect the President's initiatives.

The Minister of Finance can be given more authority. Following the presidential initiative, he will be able to decide upon affixing a seal and attaching an enterprise. It's done to improve business climate in Georgia.

Besides, in draft amendments to the budget the government implies GEL 35 mln to return businessmen VAT they paid. According to the data of the government, GEL 126 mln have already been returned, and to the end of the year it will amount GEL 160-170 mln. The initiative must encourage businessmen tot pay taxes.

The initiatives were voiced by the President at the guest sitting of the government in Kakheti on November 11th.


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