Georgia’s finance minister presents 2027 budget to parliament
The proposal sets monthly pensions at 555 lari for people aged 70 and over and 415 lari for younger pensioners, with higher pension spending included in the budget presented to parliament.
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Georgia’s Finance Minister Lasha Khutsishvili has presented the main parameters of the proposed 2027 state budget to parliament. The plan calls for higher pension spending, with payments depending on a pensioner’s age, JAMnews said in its November 12 account.
| Pensioner’s age | Monthly payment |
|---|---|
| 70 and over | 555 lari |
| Under 70 | 415 lari |
These are proposed payments, not established rates. The plan also sets out the government’s expectations for the economy and the gap between public spending and revenue.
Growth forecast and deficit target
The government forecasts economic growth of 5%, adjusted for inflation. It also forecasts nominal gross domestic product (GDP), the value of the economy’s output before adjusting for inflation, of 126.4 billion lari (about $48.7 billion).
The proposed deficit is 2.5% of GDP. The budget parameters are before parliament for consideration.
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