Georgia: Recent Economic Developments and Selected Issues
October 13, 1998
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This Recent Economic Developments and Selected Issues paper on Georgia highlights that during 1997, the Georgian economy grew by 11 percent according to official estimates, while the average annual inflation rate continued its downward path initiated in 1995 and reached single-digit levels of about 7 percent. The fiscal deficit (on a commitment basis) declined from 4.5 percent in 1996 to 4.1 percent in 1997. Investment outlays of the general government, however, fell in real terms in 1997 as the government adjusted to a tighter budget constraint.
Subject: Banking, Commercial banks, Expenditure, Financial institutions, Imports, International trade, Revenue administration, Treasury bills and bonds
Keywords: Baltics, Commercial banks, CR, exchange rate, excise tax, foreign exchange, Imports, income tax, interest rate, ISCR, property tax, tax rate, treasury bill, Treasury bills and bonds, U.S. dollar
Pages:
96
Volume:
1998
DOI:
---
Issue:
099
Series:
Country Report No. 1998/099
Stock No:
1GEOEA0011998
ISBN:
9781451814415
ISSN:
1934-7685
