Prime Minister Irakli Garibashvili announced earlier that the Georgian government intends to reduce the country's external debt to 51.1% of GDP next year.
In 2020, Georgia's external debt was 58.66% of GDP, or almost 29.3 billion GEL, and increased to a critical 60% of GDP this year.
Georgia has had "significant economic growth this year, which is projected to continue," according to Garibashvili. He claimed that Georgia's economy grew by roughly 7% in October, and 10.5% in the previous ten months, describing it as "unique, unparalleled strong growth across Europe."
""We were able to enhance the budget by more than 1.3 billion GEL as a result of this," Garibashvili explains.
According to Garibashvili, the country's economy would have a total volume of 65 billion GEL next year, 'which indicates that GDP per capita will reach 5,500 USD.'
He stated that the salaries of public servants will increase by 10% in 2022, as well as pension and social assistance for veterans.
