“According to the economic parameters, Georgia is one of the leading countries and those, disregarding statistical data, refer to the reports of the IMF and the European Commission. No one can assert that the IMF and the European Commission are biased in favor of Georgia. All parameters - economic growth, budget deficit, state debt, budget execution - make Georgia one of the champions among the EU member or candidate states and other countries”, - Paata Kvizhinadze, Chair of the Budget and Finance Committee, reported at the plenary session upon the consideration of the State Budget 2024 execution report.

According to him, the state economy reached 92 billion GEL - it increased by 11 billion GEL in 2024, when the economic growth achieved 9,4%.

“This year was also prominent with high economic growth - up to 103 billion GEL, which surpasses the index of 2012 four times. GDP per capita is to soon exceed 10,000 USD (2020 - 4300 USD); the budget deficit (1,9%), which determines the economic stability, is one of the model indices in Europe; the state debt is at 36%, when the norm is set at 60%; the expenditures for 2024, as well as the revenues were implemented”, - he reported.

According to him, the state economy increased by an average 10% since 2020.

“Despite the conditions when the EU is at a zero index in economic growth, and the leading European countries, such as Germany, are experiencing negative economic growth. When even the United States was unable to surpass the zero point for the first quarter. Therefore, we assert that we have a high growth rate and anticipate reaching the economic levels of European countries. This is a straightforward calculation: if we maintain economic growth, considering the deflator, our economic index will increase by two times within the next five to six years. Consequently, we will surpass Romania, Bulgaria, and the former Soviet Union countries. Furthermore, if anyone attempts to undermine our economy or alter the government given the hereof background, it constitutes treason. The four consecutive years of high economic growth achieved by Georgia are a rare feat in other countries”, - he stated.