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IMF Urges Reform Georgian Tax System

(Tbilisi. December 17. Civil Georgia) – Team of the International Monetary Fund led by David Owen, Chief of the Southern Division of the Fund’s European II Department met Georgian Parliamentary Chairperson Nino Burjanadze today.

IMF representatives stated at the meeting that the reforming of the Georgian tax system is essential to increase income for the state budget.

IMF mission considers that the further sequestering of the 2001 budget will not be necessary.

According to the amendments passed by the Parliament on October 23, expenditures in the budget of 2001 were reduced with 183 million GEL ($91 million).


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