Georgian PM highlights ruling party’s “ambitious goal” for country’s budget to exceed $18.2 bln, average salary to rise to $1,277 by 2028
Kobakhidze also highlighted “the positive employment trends”, noting 1,217,000 people had been employed in 2021 and 170,000 new jobs had been created in the last two and a half years, adding, at least 200,000 additional job opportunities would be provided by 2028 at this pace. Photo: Georgian Dream
rakli Kobakhidze, the head of the ruling Georgian Dream party’s election staff and the Prime Minister of Georgia, on Monday announced the party’s “very ambitious goals” ahead of the October 26 parliamentary elections for increasing the country’s budget to exceed ₾50 billion ($18.2 bln) and raising the average salaries to ₾3,500 ($1,277) by 2028.
In his address at the presentation of the party’s election programme, Kobakhidze highlighted the “significant increase” in average salaries over the past decade, noting in 2012, the figure stood at ₾712 ($260), while “today that number has risen to ₾2,005 ($731)”.
The PM said these projections were based on “reliable data”, which would be reflected in the country’s final budget, and expressed confidence in the “accuracy” of these forecasts and that increasing average salaries in the country was “realistic”.
He also said the national budget was expected to exceed ₾50 billion ($18.2 bln) by 2028, with the increase enabling the implementation of many projects.
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Kobakhidze highlighted the country’s financial trajectory, noting that in 2012, the budget was ₾8.5 billion ($3.0 bln) and by 2024, it “has increased to nearly ₾28 billion ($10,2 bln) despite the existing challenges, owing to the economic growth”.
The PM also addressed unemployment, which was 26.7 percent in 2012, but at present “has been halved to 13.7 percent”, and responded to criticism from the domestic opposition claiming that “[only] a small segment of the population benefited from the economic growth”.
He stressed the economic growth referred to many people, stressing in 2012, the country “faced significant unemployment”, but “the rate of unemployment has been halved” since then, adding the party’s objective was to reduce this to four percent, below the European average of six percent, which “is entirely feasible based on our plans”.
Kobakhidze also highlighted “the positive employment trends”, noting 1,217,000 people had been employed in 2021 and 170,000 new jobs had been created in the last two and a half years, adding, at least 200,000 additional job opportunities would be provided by 2028 at this pace.
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