State will offer fewer Treasury liabilities

Some time ago it was reported that the Government was planning to issue treasury liabilities worth GEL 260 million in August. It now appears that this figure will be decreased by GEL 100 million and the state will borrow only about GEL 150 million. Economists suggest that this has resulted from negotiations between the Georgian authorities with international financial institutions about Georgia’s chances of receiving further loans from them.

Earlier independent experts criticised the initiative, saying that the money accumulated through treasury bonds should not have been spent on developing infrastructure.