Budget Compromises Likely

December 2004
Emerging Europe Monitor: Eurasia;Dec2004, Vol. 8 Issue 12, p6
Country Report
Country Report
The article discusses the political situation of Georgia. The cabinet finalised a new tax code at the end of August, but concerns raised by business leaders and deputies over possible ambiguities in the draft legislation have led to delays in gaining approval from parliament. Government plans to offset the loss in revenue with an increase in taxes on gambling and excise have come under fire, along with criticism of changes to property taxes. The government is likely to compromise with parliament over disputed provisions and has already agreed to alter the property tax proposals, including proposals to assess the tax according to incomes.


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