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Giorgi Kakauridze: “We are taking debts only for funding infrastructural projects.”

Giorgi Kakauridze: “We are taking debts only for funding infrastructural projects.”

6 mins read

The FINANCIAL -- The Deputy Minister of Finance of Georgia, Giorgi Kakauridze, commenting upon Georgia’s draft state budget for 2018, stated: “If we compare the 2017 and 2018 figures, we will see that the volume of borrowing has increased slightly. However, at the same, debt repayment increased significantly. In 2018, the total amount of debt service will be GEL 760 million which is unprecedented… In regard to debt, we take debts only for funding infrastructural projects which are very important for enhancing tourist as well as transit potential.”…

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Giorgi Kakauridze: “We are taking debts only for funding infrastructural projects.”

6 mins read

The FINANCIAL -- The Deputy Minister of Finance of Georgia, Giorgi Kakauridze, commenting upon Georgia’s draft state budget for 2018, stated: “If we compare the 2017 and 2018 figures, we will see that the volume of borrowing has increased slightly. However, at the same, debt repayment increased significantly. In 2018, the total amount of debt…