About Civil.ge
Eng | Geo | Rus
Last updated: 12:36 - 31 Oct.'14
 
RSS
Mobile
Twitter
Facebook
Budgetary Amendments Approved
Civil Georgia, Tbilisi / 11 Jul.'09 / 20:30

The Parliament approved on July 11 amendment to the 2009 state budget envisaging increase of expenditures by GEL 314.7 million, instead of initially proposed GEL 312 million.

The passed amendment has also cut down initially targeted tax revenues by GEL 500 million.

Increase of expenditures comes mainly at the expense of planned issuing of GEL 260 million treasury bills on the domestic market and of credits from the World Bank and the Asian Development Bank.
 
According to the government’s “explanatory note”, attached to the amendments, “the world economic crisis” and “instability inside the country” have become the reason of expected economy contraction by 1.5%, instead of initially forecasted 2.5% growth.
 
The passed amendment also cut funding for some of the ministries and state agencies, including for the Ministry of Defense by GEL 45 million. The latter’s initial funding stood at GEL 950 million.

Other agencies, which will face funding cut, are:

Ministry of Regional Development and Infrastructure – by GEL 9.5 million;
Finance Ministry – GEL 4.4 million;
Ministry of Environment Protection - GEL 3.6 million;
Justice Ministry – GEL 1 million;
Foreign Ministry - GEL 650,000;
Ministry of Culture, Protection of Monument and Sports - GEL 133,600;
President’s administration - GEL 1.7 million;
Government’s administration - GEL 1.0 million;

The amendments increase funding of some agencies, including: the Tbilisi municipality by GEL 69.4 million and Ministry of Labor, Healthcare and Social Protection by GEL 39.7 million for financing of social and healthcare programs by 15.9 million and 22.3 million Lari, respectively; regional programs – GEL 37.6 million, of which GEL 20.0 million will be allocated for construction/rehabilitation of public schools; Georgia’s Municipal Development Fund – GEL 17.6 million; Ministry of Agriculture – GEL 25.9 million for subsidizing grape harvest; Ministry of Refugees and Accommodation will receive additional GEL 16.3 million; GEL 9.2 million out of this sum will be spent on granting compensations to the victims of the August war, while GEL 4.7 million will be spent on communal expenses of these people.

Latest News
31 Oct.'14 12:36
President Vetoes Delaying Adoption of Key Part of Surveillance Regulation
President Margvelashvili used his veto powers for the first time on October 31.
30 Oct.'14 21:57
Parliament Delays Adoption of Key Part of Surveillance Regulation
Parliament extended deadline for adopting the bill till February 28, 2015.
30 Oct.'14 18:46
Court Orders Pre-Trial Detention of Arrested MoD Officials
U.S. ambassador said: “We have full confidence in Minister Alasania.”
30 Oct.'14 16:47
September GDP Growth 4.1% - Preliminary Data
Economy grew 5.9% y/y in the first nine months of this year, according to Geostat.
30 Oct.'14 15:06
PM Backs Interior Ministry in Debate on Surveillance Bill
PM spoke strongly against of depriving Interior Ministry of its direct access to telecoms’ servers.
30 Oct.'14 00:21
Georgia Moves to Second Phase of EU Visa Liberalization Process
“This is a significant achievement,” EU’s outgoing commissioner for home affairs said.
29 Oct.'14 22:57
Arrest of MoD Officials Fuels Speculation on GD Infighting
One former and four serving officials from the MoD and general staff deny misspending charges.
29 Oct.'14 16:24
PM Comments on UNM’s Planned Protest Rally
Garibashvili said he does “not want to comment on a protest rally announced by traitors.”
29 Oct.'14 15:29
Republicans Want GD to Turn into ‘European Style Coalition’
Republican Party laid out its vision on how to “improve efficiency” of the six-party ruling coalition.
28 Oct.'14 23:04
Bill Offers to Again Delay Addressing ‘Black Box’ Spy Devices
Proposal triggers controversy as some GD MPs are also against of extending deadline for 6 months.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
72