Expected Q4 2009 Financial Performance
20000
300
700
600
500
400
305.49
303.53
266.4
263.15
319.61
266
-2,000.0
-1,600.0
-1,200.0
Fiscal indicators: The worst seems past
Overall fiscal balance of the state budget, 2004-2009F
GEL mln
0.0
2006
2007
2008
2009F
0.0%
2010F
2011F
-468.9
-400.0
-815.7
-2.0%
-935.7
-1,258.6
-1,390.1
-4.5%
-800.0
-3.4%
-4.8%
-4.0%
-1,720.5
-6.6%
Overall fiscal balance
Overall fiscal balance as % of GDP
Overall fiscal balance of the state budget, 2004-2009F
GEL mln
379.45
499.48
573.2
0
January
February
March
April
Lobko
BANK OF GEORGIA
www.bog.ge/ir
308.36
407.61
314.6
377.9
316.8
442.5
358.4
293
415.3
May
June
2007 2008 2009
444.2%
459.17
352.105:
July
August
352.2
316.15
320.422
390.5
408.1
373.021:
346.3
-9.4%
367.1
328.230
362.5
366.8
September
October
November
December
502.56
447.31
January 2010
Page 14
-7.3%
-10.0%
-8.0%
-6.0%View entire presentation