All statements about termination of cooperation with partners are unfounded

The Ministry of Finance responds to the refusal of the Georgian government to support the European Union and claims that due to high economic growth, tax revenues have increased in the country, which allows them to reduce their borrowing rate faster.

The ministry says all allegations of termination of cooperation with partners and changes in the reform agenda are unfounded.

"As for the borrowing from the EU this year - due to high economic growth, the country has increased tax revenues and is expected to exceed it, which will allow us to reduce the borrowing rate faster.

As it is known, as a result of the changes in the 2021 budget, we have already reduced the domestic debt and this year we will cover the domestic debt in the amount of 150 million GEL. The additional revenues will allow us to partially reduce our foreign debt in 2021, but in the coming years we will continue to actively cooperate with international partners and raise financial resources to finance the reforms and infrastructure projects needed for the country's development.

Therefore, all allegations of termination of cooperation with our partners and, moreover, of a change in the reform agenda are unfounded," the ministry said in a statement.