About Civil.ge
Eng | Geo | Rus
Last updated: 20:27 - 26 May.'16
RSS
Mobile
Twitter
Facebook
MPs Discuss 2011 Draft Budget
Civil Georgia, Tbilisi / 12 Nov.'10 / 19:34

Finance Minister, Kakha Baindurashvili, presented to lawmakers on November 12 draft of 2011 state budget, which is revised from its initial version submitted to lawmakers early in October. 

The amended draft slightly revises upwards 2011 revenues to GEL 5.946 billion and expenditures - to GEL 5.8 billion.

The Finance Minister, who described the document as “budget of economic recovery”, said that 4.5% economic growth and 7% inflation rate was forecasted for next year.

He said that the government revised upwards 2010 forecasted inflation from 6% to 9% due to external factors mainly related to increased food prices.

In the revised draft, funding of two ministries was reduced: Finance Ministry and Ministry of Energy to GEL 224.2 million and GEL 50.9 million, respectively.

Funding of six ministries have been revised upwards in the amended draft: Ministry of Regional Development and Infrastructure – GEL 1.055 billion; Ministry of Economy – GEL 58.3 million; Ministry for Penitentiary System and Probation – GEL 105.5 million; Ministry for Sports and Youth Affairs – GEL 34.5 million.

Funding of other ministries remained unchanged in the revised draft.

Lawmakers from the parliamentary minority criticized the draft for, as they put it, lack of transparency and the failure to properly address the needs of socially vulnerable population.

“This is the budget about non-delivery of the ruling party’s [pre-election] promises,” MP Levan Vepkhvadze of Christian-Democratic Movement (CDM), said.

Some opposition lawmakers also criticized the draft for a failure to even slightly increase monthly pensions. President Saakashvili pledged in 2008 to increase of monthly pension up to USD 100. Leader of parliamentary majority, MP Petre Tsiskarishvili, responded this criticism by saying that unlike before the Rose Revolution, pensioners were receiving their pensions without any delay and in addition the government was funding number of social programs aimed at socially vulnerable population. 

The existing draft may be further slightly revised before its approval by the Parliament in December.

Latest News
26 May.'16 20:27
Tskhinvali Postpones Referendum on Joining Russia to 2017
Breakaway region’s leader was proposing holding of referendum this summer.
26 May.'16 17:53
Georgia Marks Independence Day
Georgian, U.S., UK troops fresh from joint drills marched in ceremony marking Independence Day.
25 May.'16 16:09
UNM Boycotts Parliament Sittings in Protest Over Kortskheli Violence
UNM MPs said they will not attend sessions unless perpetrators of attack are held accountable.
25 May.'16 12:39
Venice Commission Looking into Georgia’s Controversial Bill on Constitutional Court
Commission’s opinion is expected on Friday, Georgian President’s adviser said.
25 May.'16 11:53
Police Question Men Involved in Kortskheli Violence, But No Charges Filed
Six men involved in the attack against UNM leaders were questioned without being charged.
25 May.'16 09:27
Kerry Congratulates Georgia on Independence Day
“We see Georgia as a leading example of democratic progress in the region,” Kerry said.
24 May.'16 15:05
Interior Minister Comments on Kortskheli Violent Incident
Police plan to ask the court to issue arrest warrants, the Interior Minister said.
23 May.'16 13:37
PM Condemns Election Violence in Kortskheli, Says ‘Perpetrators should be Punished’
“There will be a need for more mobilization of law enforcement agencies,” he said.
23 May.'16 10:26
GDDG Wins in Seven, UNM in Two Localities in Local By-Elections
UNM, which fielded candidates in four out of nine localities, are set to win two seats.
22 May.'16 23:57
Saakashvili: ‘Ivanishvili will be Defeated This Year’
“There will be no compromises with this dark force,” he said.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
44