About Civil.ge
Eng | Geo | Rus
Last updated: 23:46 - 24 Nov.'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
24 Nov.'14 23:46
PM Condemns New Treaty Between Moscow and Sokhumi
Garibashvili said it shows Moscow’s “unwillingness to actually improve political relations” with Georgia.
24 Nov.'14 22:58
Georgian MFA Condemns New Treaty Between Moscow and Sokhumi
FM Beruchashvili said Tbilisi has asked for holding of UN Security Council.
24 Nov.'14 21:43
After Signing New Treaty, Moscow Pledges over $200m for Abkhazia in 2015
More than half of that aid will go to meet Russia’s commitments set out in new treaty.
24 Nov.'14 17:40
Moscow, Sokhumi Sign Treaty on ‘Alliance and Strategic Partnership’
The treaty was signed by President Putin and Abkhaz leader Khajimba in Sochi.
24 Nov.'14 15:53
Opposition Parties Slam Georgian Govt for Moscow-Sokhumi Treaty
UNM pushes for a parliament resolution calling, among other issues, to scrap Abashidze-Karasin talks.
23 Nov.'14 21:26
Abkhaz Leader Speaks of New Treaty with Russia
Putin and Khajimba will sign the treaty in Sochi on November 24.
22 Nov.'14 19:23
Tbilisi Condemns Russia’s Move to Sign New Treaty with Sokhumi
The Foreign Ministry said it is a step towards “annexation of Georgia’s occupied territories.”
22 Nov.'14 18:57
Moscow, Sokhumi Endorse Final Text of New Treaty
Although the text has been revised, concerns still remain in part of the Abkhaz society.
21 Nov.'14 16:28
Civil Society Groups Slam PM for ‘Aggressive Tone’
PM criticized for using “inappropriate” and  “slanderous” remarks in reference to campaign group.
21 Nov.'14 14:57
3 Guantanamo Detainees Transferred to Georgia
The first time when Guantanamo detainees were transferred to Georgia was in 2010.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
11