Ruling party’s “ambitious goal” for country’s budget to exceed $18.2 bln and for average salary to attain $1,277 by 2028 is highlighted by Georgian PM

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 was announced on Monday by Irakli Kobakhidze, the head of the ruling Georgian Dream party’s election staff and the Prime Minister of Georgia.
The “significant increase” in average salaries over the past decade was highlighted by Kobakhidze in his address at the presentation of the party’s election program. He noted that in 2012, the figure stood at ₾712 ($260), while “today that number has risen to ₾2,005 ($731)”.
According to the PM, these projections were based on “reliable data”, which the country’s final budget would reflect. He was also confident in the “accuracy” of these forecasts and in the possibility of such an increase of average salaries in the country.
The PM expects the national budget to exceed ₾50 billion ($18.2 bln) by 2028, and many projects will be implemented due to this rise.
“Peace”, “economic growth” were called by PM as key factors in Georgian Dream party’s “high” rating.
The country’s financial trajectory was highlighted by Kobakhidze. He says that in 2012, the budget equaled to ₾8.5 billion ($3.0 bln) and by 2024, despite the existing challenges, it “has increased to nearly ₾28 billion ($10,2 bln), owing to the economic growth”.
Unemployment has been halved from 26.7 percent in 2012 to 13.7 percent at present.
According to Kobakhidze, 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. They promise to provide at least 200,000 additional job opportunities by 2028 at this pace.

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