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ISET-PI's research fellows Daviti Zhorzholiani and Davit Keshelava were invited to participate in the Georgian Public Broadcasting company’s “Real Space” talk show. During the programme, government authorities and the audience discussed the Georgian Government’s 10-Paragraph Plan, the possible effects of new economic initiatives and the possible reasons behind GEL/USD exchange rate fluctuations.
ISET representatives positively assessed the plans to reduce the government’s administrative expenses and to quote the prices (of real estate, etc.) in national currency terms. However, the positive effects of the initiatives to subsidize “loan-larisation” from the budget, or increasing excise tax on energy carriers while the Georgian economy has not been performing well, were doubtful. Other subjects of discussion were the mechanism of “loan-larisation”, the role of the National Bank of Georgia (NBG) in the process, and how the initiative will affect private banks’ or the NBG’s finances.
Watch the video from GPB to learn more.