About Civil.ge
Eng | Geo | Rus
Last updated: 22:39 - 30 Jul.'14
 
RSS
Mobile
Twitter
Facebook
2007 Defense Spending to Reach Almost GEL 1 bln
Civil Georgia, Tbilisi / 1 May.'07 / 18:10

The Defense Ministry’s 2007 budget will increase from the current GEL 513.2 million to GEL 957.8 million (about USD 566.7 million), according to the draft amendment to the 2007 state budget.

Increased defense funding will make up to 6% of the country’s GDP.

The amendment, which was discussed by the parliamentary committee for defense and security on May 1, envisages an increase in total government expenditures by GEL 641 million (approximately USD 379 million), of which GEL 444.6 million will go to the Defense Ministry.

If approved, the amendment will pave the way for the highest defense budget in Georgia’s history. The Defense Ministry’s budget was GEL 604.7 million in 2006.

Opposition lawmakers complained at the parliamentary committee hearings on May 1 that the defense budget is not transparent, as the proposed amendment does not provide any detailed breakdown of spending. It only says that the increases are needed to foster the country’s NATO integration and to enhance its defense capabilities.

Levan Nikoleishvili, the Deputy Defense Minister, told lawmakers on May 1 that most of the additional funding for the Defense Ministry will be spent on the purchase of weaponry and ammunition and GEL 60 million will be allocated for a housing program for military officers.

The Interior Ministry is also expected to benefit from the increased budgetary expenditures, as it will receive an additional GEL 67 million.

GEL 12 million will be allocated to the Education Ministry for a school rehabilitation program and GEL 20 million will go for energy sector rehabilitation projects.

GEL 30 million will be allocated for repaying the country's foreign debts.

Latest News
30 Jul.'14 22:39
Russia Plans to Suspend Free Trade Treaty with Georgia
The move comes after Georgia signed deep and comprehensive free trade agreement with the EU.
30 Jul.'14 21:17
Senior GD MP Responds to U.S. Senators' Statement on Charges Against Saakashvili
Foreign affairs committee chairman lays out authorities’ “objections” to four Senators’ statement.
30 Jul.'14 17:24
Verdict Delivered in Trial over 2008 Polling Day Blast in Khurcha
Former security official acquitted of terrorism, found guilty of exceeding official powers.
30 Jul.'14 11:59
President Convenes NSC over NATO
NSC meeting, scheduled for August 1, will be the first one since Margvelashvili became the president.
30 Jul.'14 09:52
U.S. 'Concerned' over Filing Criminal Charges Against Saakashvili
 “We are monitoring this and related cases closely,” Department of State said.
29 Jul.'14 16:26
PM on Filing Criminal Charges Against Saakashvili
“The process is absolutely open,” Garibashvili said, denying political motives behind the move.
29 Jul.'14 11:06
Several U.S. Senators Concerned over Filing Charges Against Saakashvili
The move “imposes unnecessary challenge” in moving ties forward, four Senators said.
28 Jul.'14 20:33
Saakashvili Comments on Bringing Criminal Charges Against Him
Referring to Ivanishvili, ex-president said Georgia will “soon get rid of this oligarch.”
28 Jul.'14 14:07
Criminal Charges Filed Against Saakashvili
Prosecutor’s office said ex-president charged with exceeding official authorities.
28 Jul.'14 12:14
Emergency Electricity Imports from Armenia, Turkey after Major Power Outage
Damage of power lines left most of the country without electricity for more than two hours.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
68