Georgia has positive expectations regarding the economic growth, said Minister of Economy and Sustainable Development Natia Turnava, Trend reports via Georgian media.
"The economic growth statistics for May will be available soon, but just as the economic growth was very high in April, we have very positive expectations for May," Turnava said.
A noteworthy circumstance is that such high economic growth is mainly due to the so-called "base effect," as the economy shrank by 16.6 percent in April 2020 due to the lockdown in the country.
According to Geostat, the economic growth for the first four months of 2021 was 8.1 percent.
In May, the amount of VAT paid to the budget increased by 104 percent and amounted to 400 million lari ($126.7 million), an increase in the amount of taxes paid indicates an increase in economic activity in the country