We did not have a deficit spending of the budget. At the end of each month, we had a surplus

Verdict:  FactCheck concludes that Giorgi Kakauridze’s statement is HALF TRUE. Resume:  A

Ivanishvili shut down the American teachers programme. Nearly 3,000 Americans used to come to Georgia annually

ვერდიქტი: ფაქტ-მეტრის დასკვნით, მიხეილ სააკაშვილის განცხადება არის ნახევრად

GEL has depreciated for objective reasons. All of the currencies of the countries around us have depreciated more than our currency

In my time, debt decreased by 50% as compared to Shevardnadze’s time. The Georgian Dream has doubled the debt in six years

In 2003-2012, the GEL denominated absolute figure for the national deb

We had a 5% economic growth last year which is one of the best performances in the region. Estimates are to have a 5.5% economic growth this year

Since 2012, we have improved our positions in every field, be it media pluralism, human rights or transparency

In the last years, we have spent GEL 2 billion on agriculture but growth constitutes only 4.5%

The Government of Georgia lent nearly GEL 3 billion of national resources to commercial banks

Budget revenues are at a historic maximum

The number of bank debtors was 110,000 in 2012 and now this figure has reached 250,000. At the same time, more than 600,000 people are dealing with pawn shops where interest rates are 45%. Three million people are left in Georgia and of these, every five

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

GEL is one of the most stable currencies in the region

In the last five years, the lives of the poor have become even harder... Every fifth child lives in poverty. Every sixth citizen takes debt to buy food

Deficit, caused by profit tax, was balanced by cutting government’s administrative expenses and increasing excise tax rate

In accordance with the economic growth forecasts, Georgia will have the best performance in the region in 2017-2022