Speech of Fridon Injia, Chairman of the Parliamentary Political Group "European Socialists" at the Plenary Sitting of the Parliament of Georgia

Isn't it time to create a new financial institution and develop new mechanisms to financially support the majority of the rural population!

Speech of Fridon Injia, Chairman of the Parliamentary Political Group "European Socialists" at the plenary sitting of the Parliament of Georgia.

This draft budget is similar to the 2021 budget and I do not see any systemic and institutional changes in it that would be focused on increasing population incomes.

The investment projects implemented by the state, in particular, "Produce Georgia", cheap "Agro Credit", "Implement the Future" and other small grant programs, where the state largely subsidizes the interest rate set by commercial banks, are not bad, but It is completely insufficient for the broad strata of the population who want to develop their entrepreneurial activities and carry out their own business projects - this one, and the other - the state does not guarantee and does not ensure the sale of surplus produce from the peasant.

Up to 50% of the population in Georgia live in rural areas and they are completely excluded from the process of creating the country's common wealth. When there is wealth, then there is both export and import substitution. We will not have garlic from Algeria, or eggs from our neighbor Turkey. Thanks to them for not being left unpunished.

The above state investment programs are completely inaccessible to the vast majority of the rural population. These programs are available only to large entrepreneurs who meet the rather difficult conditions of commercial banks, or are available to those who own more than 5 hectares of land.

Until the government changes its policy towards ultra-liberal economic policies that rely on wild capitalism and do not take responsibility for the welfare of the population, it turns out that the government today is only committing to projects, but how these projects have changed the social status of the majority of the population. Does not take responsibility; If you take responsibility, then tell me - how? Or where is this responsibility ?!

A farmer who owns one hectare of land as he lived 20 years ago still lives today. What has changed for the peasant? Danny even has it constantly - if he did not pay before he pays now, ie. Increased payment. Road made - car he does not have. Pension increased - products and medicines became more expensive by 500% and what came out? ? ? …. (Congregation remained cheerful) არაფერი Nothing has changed for the peasant… As a result we have what we have and are in Machanchala countries as we were, but with great ambitions.

Is it time to think about creating a new financial institution and developing new mechanisms to financially support this large part of the rural population, so that they can carry out their economic activities, thus making a significant contribution to the creation of the country's gross domestic product, but for that the country must change The economic policy he is blindly pursuing is blindly because there is darkness ahead. It has been dark in this direction for the last 18 years.

Therefore, I consider it expedient to create a state investment financial institution (commercial bank) as one of the options, where the state will have a controlling stake and will take a higher risk compared to commercial banks, due to state interests, and will finance the activities of large sections of the population. , Development of farms and small entrepreneurship. For this, the law does not need to be changed, only the will is needed. Take for example the German banking system, not to mention Norway, the major European countries where the Socialists or the ruling party, or the second party, where there is capitalism and planning, where the refugee is socially protected from day one, not to mention the main population.

We must build a country where the state cares about the people and the population is socially protected.