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State Budget Tax Revenues Rose by 20m GEL compared to January 2009

The state budget tax revenues in January 2010 rose by 20m GEL compared to January 2009, Georgian Finance Minister Kakha Baindurashvili said.

The economic state of Georgia is being stabilized since October 2009, when economic recovery signs emerged, he added.

“January has showed better indicators than expected. We do not mean only tax revenues. For example, company turnover indicators have also grown. The turnover growth rate in January 2010 against January 2010 is higher than December 2009 growth rate against January 2008”, Baindurashvili noted.