About Civil.ge
Eng | Geo | Rus
Last updated: 19:23 - 2 May.'16
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
02 May.'16 19:23
PACE monitors to visit Georgia
Two co-rapporteurs from the Parliamentary Assembly of Council of Europe will visit Tbilisi on May 3-5.
30 Apr.'16 13:48
UNM Lays Out Rules for Compiling Its Party List of MP Candidates
Party list will be drawn up “based on principles and not based on anyone’s desires,” UNM’s Bakradze said.
29 Apr.'16 16:56
Opera Singer and His Potential Political Party in IRI-Commissioned Poll
Burchuladze’s movement was not too far behind from GDDG and UNM in a poll fielded in March.
28 Apr.'16 18:42
Geostat Releases Final Results of 2014 Census
Final results also include data on ethnicity and religious beliefs of country’s 3.71 million people.
28 Apr.'16 14:26
Five Men, Suspected of Trying to Sell Uranium, Arrested
The State Security Service said suspects were trying to sell 1.6kg of radioactive material for $3mln.
28 Apr.'16 11:49
Q1’16 GDP Growth 2.3% - Preliminary Data
Real GDP grew 3.4% y/y in March, after 0.8% and 2.6% growth in January and February, respectively.
27 Apr.'16 20:01
Bill Allowing PM to Run for MP Without Quitting Cabinet Post Passed in First Reading
Parliament passed amendment to the election code with 77 votes to 21 on Wednesday.
27 Apr.'16 15:27
Central Bank Cuts Key Rate to 7.5%
NBG said it plans to gradually reduce key rate to “neutral” level of 5-6% in a mid-term period.
26 Apr.'16 23:13
Georgian PM Meets U.S. Vice President
The Vice President reaffirmed U.S. support to Georgia, the White House said.
26 Apr.'16 21:57
Usupashvili Speaks of ‘Three Small Problems’ on EU Visa Liberalisation Path
EPP group’s vice-chair said visa-free should be granted only after Georgia frees “political prisoners.”

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
38