About Civil.ge
Eng | Geo | Rus
Last updated: 17:06 - 5 Sep.'15
 
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
05 Sep.'15 17:06
In Tbilisi Norway’s FM Hails Partnership with Georgia
Georgia “can rely” on the support of Nordic and Baltic states, Foreign Minsiter Børge Brende said.
05 Sep.'15 15:24
New Vice Mayor of Tbilisi Confirmed
New vice mayor Lasha Abashidze served as head of Tbilisi’s Vake district since March, 2015.
04 Sep.'15 17:23
Parliament Prolongs Constitutional Reform Commission’s Mandate Again
Constitutional reform by the sitting parliament becomes less likely.
03 Sep.'15 18:49
Electricity Rate Hike in Tbilisi
After rate hike in the regions last month, electricity tariff will also increase for residents in the capital city.
03 Sep.'15 16:45
Parliament Overrides Presidential Veto on Banking Supervision Bill
A senior GD MP called the President “the Sorosian NGO-shnik” who “is getting on our nerves with vetoes.”
03 Sep.'15 16:27
U.S.-Funded Coast Guard Boat Basin Opens in Batumi
New boat basin in Batumi was built with USD 14 million funding from the United States.
03 Sep.'15 12:37
Annual Inflation 5.4% in August, Highest in 4 Years
On a monthly basis consumer price rose 1% in August, according to Geostat.
02 Sep.'15 18:08
No Changes Among Deputies of Foreign Minister
All five deputies have retained posts after change of foreign minister.
02 Sep.'15 13:41
New Foreign Minister Lays Out Priorities
Making full use of Georgia’s transit potential is “vitally” important for Euro-Atlantic integration, he said.
01 Sep.'15 17:35
Georgia Finalizes Deal on Nenskra Hydropower Project
Govt, South Korea’s K-Water and Italian builder Salini Impregilo signed contracts in Tbilisi on August 31.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
49