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Annual Macroeconomic Forecasts - June 2018

As per the Budget Code, following the delivery of macroeconomic forecasts and information concerning basic directions of Georgia's ministries by the government of Georgia to the parliament, the Parliamentary Budget Office (PBO) is publishing its independent forecasts.Major dynamics of the forecasted variables are as follows:•According to the PBO forecast, the Georgian economy will grow by 5.2% in 2018, while average growth in 2019-2022 equals 5.8%. The real GDP growth forecast for 2018 (5.2%) is 0.7 percentage points (pp) higher than the government forecast (4.5%) and slightly higher (by 0.3 pp) compared to the PBO forecast published in December 2017. This is mainly caused by several factors: in 2017 and Read More
Economic Growth Quarterly Forecast - QII 2018

According to the Parliamentary Budget Office estimates, real GDP growth in Q2 2018 will reach 5.1%. GDP growth amounted to 4.9% in Q2 2017.In Q2 2018 expected GDP growth is driven by the absorption component (5.6 percentage points), while the contribution of net exports is negative (-0.5 percentage points). Read More
Economic Growth Quarterly Forecast - QI 2018

According to the Parliamentary Budget Office estimates, real GDP growth in Q1 2018 will reach 4.2%. GDP growth amounted to 5.3% in Q1 2017.In Q1 2018 expected GDP growth is driven by both absorption (3.8 percentage points) and net exports (0.4 percentage points) components. Read More
Quarterly Macroeconomic Review - I Q, 2018

With regard to the real sector, according to preliminary estimates, average growth of real GDP amounted to 5.2% in Q1 2018. In Q1, average annual inflation totaled 3.3%, which slightly exceeds the National Bank target (3%).Concerning the fiscal sector, in Q1 2018, consolidated budget revenues increased by 6.5% YoY, while expenses and acquisition of non-financial assets rose by 9.9%. As of Q1, public debt in nominal terms increased by 13.5% YoY. Domestic debt grew by 8.8% YoY, while external debt – by 14.2%.As for the external sector dynamics, in Q1 2018, external trade of goods was 23% higher YoY, Read More

News

News from the Parliamentary Budget Offic…

29-03-2017

News from the Parliamentary Budget Office: In addition to the Annual Macroeconomic Forecasts Parliamentary Budget Office will produce quarterly forecasts for economic growth starting from the 2nd quarter, 2017.

Regional Meeting of the Parliamentary Bu…

13-03-2017

On 11-12 March of 2017, regional workshop for Parliamentary Budget Offices was held with the support of Westminster Foundation for Democracy(WfD) and German Society for International Cooperation(GIZ).

The visit to Great Britain to be accompl…

07-02-2017

The Parliamentary Delegation, holding the meetings in the British Parliament, will accomplish the 3-day visit today. The visit, aimed at enhancement of Parliamentary oversight and exchange of experience, is organized...