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Mamuka Bakhtadze:
Current expenses are decreasing and the decrease in the size of the government is a positive trend and will continue

Verdict: Mamuka Bakhtadze’s statement is HALF TRUE.   Summary: In 2012-2017, the share of expenses of the consolidated budget of Georgia in the GDP had a downward tendency. In 2016, the indicator reached its highest at 26.8%. Last year, it decreased and equalled 25.4% and will fall as low as 23.5% according to the forecast for 2018. […]

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Half True
Giorgi Kvirikashvili:
The current account deficit of the tax balance decreased to 8.7% which is very important for the GEL exchange rate

Verdict: Giorgi Kvirikashvili’s statement is TRUE.   Summary: A country’s negative current account balance means that more currency leaves the country than enters it and is something which negatively affects the economy. It causes pressure on the exchange rate and creates the need for covering the deficit with a financial account (investment, borrowing or decreasing […]

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True
Mikheil Saakashvili:
Ivanishvili is making each Georgian family a debtor of banks. Bank profits have increased six-fold as compared to 2012

Verdict: Mikheil Saakashvili’s statement is POPULISM.   Summary: Commercial bank profits constituted GEL 134 and 870 million in 2012 and 2017, respectively. However, evaluating profitability by absolute values is a mistake and results obtained by means of this sort of analysis are irrelevant. An analysis of relative indicators, however, reveals that profitability indicators are stable with […]

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Populism
Giorgi Kvirikashvili:
There was a positive economic dynamic in the beginning of 2018 which was, to a large extent, caused by foreign trade indicators

Verdict: FactCheck concludes that Giorgi Kvirikashvili’s statement is MOSTLY TRUE.   Summary: Georgia’s foreign trade turnover amounted to USD 864 million in February 2018 with USD 224 million falling on export and USD 640 million on import. Therefore, compared to the analogous period of the last year, export increased by 25% whilst import increased by […]

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Mostly True
Dimitri Kumsishvili:
It is a result of our tax reform that the International Monetary Fund has put Georgia in the top five most successful implementer countries of tax reforms

Verdict: Dimitri Kumsishvili’s statement is LIE.   Summary: A four-point government plan was officially presented to the Government of Georgia in November 2016. A particular component of the plan was already initiated in 2016 through a tax waiver of reinvested portions of revenue. The source, mentioned in Dimitri Kumsishvili’s statement, referring to Georgia as one of […]

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Lie
Dimitri Kumsishvili:
Last year was a record-breaking one for Georgia’s aviation market… The total growth of the number of passengers at all Georgian airports constituted 46%

Verdict: Dimitri Kumsishvili’s statement is TRUE.   Resume: A total of 4.07 million people used the services of Georgian airports in 2017 which is indeed a record-breaking number. The number in 2016 was 2.84 million. Therefore, the total growth in the number of passengers at all Georgian airports in 2017 was 43%. Last year was unprecedented in […]

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True
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