How to finance Misha's promises

They had to find a way to finance all those promises he made, did not they? It seems that slashing military budget is not an option, so new money was needed, so more property will be sold off - to finance at least some of the budget adjustments. There are a few problems with the change they introduced, they claim that economy will grow even more than expected, and inflation will stay at 8%. Last two months, inflation has been close to 12%, but annual will somehow manage to stick to 8%? Even with dollar taking a beating, inflation seems to be still high, what happens when dollar turns around and gets stronger? What happens when housing market blows in Tbilisi?

No comments: