About Civil.ge
Eng | Geo | Rus
Last updated: 17:16 - 21 Feb.'17
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
21 Feb.'17 17:16
Enguri HPP Shut Temporarily
The Enguri hydropower plant will be shut for approximately 14 days, according to the statement.
21 Feb.'17 15:43
Patriarch Returns amid Questions on Alleged Murder Plot
Illia II returned to Georgia on February 20, week after the arrest of Archpriest Giorgi Mamaladze.
21 Feb.'17 13:31
Education Minister Appointed as Deputy PM
Aleksandre Jejeleva will be the third deputy prime minister in Giorgi Kvirikashvili’s cabinet.
21 Feb.'17 11:33
Tbilisi Does not Recognize Nagorno-Karabakh Referendum
Nagorno-Karabakh held a referendum on February 20 to adopt the region’s new constitution.
20 Feb.'17 17:09
Free Democrats Party Elects New Leaders
Free Democrats garnered 4.63 percent of nationwide votes in the last parliamentary elections.
20 Feb.'17 14:58
Citizens Rally in Support of Rustavi 2
Rustavi 2, Tbilisi-based television channel, is locked in an ongoing ownership dispute.
20 Feb.'17 11:21
Georgian PM Meets World’s Leaders in Munich
PM Giorgi Kvirikashvili attended the Munich Security Conference on February 17-19.
18 Feb.'17 02:45
Rustavi 2 TV Suspends Broadcasting until Sunday
The channel will resume broadcasting after its rally on February 19.
17 Feb.'17 17:25
‘Senior Cleric’ Not a Target, Prosecutors Say
The prosecutors said on February 16 that the alleged murder plot target was not the Orthodox Patriarch.
17 Feb.'17 13:31
EU-Georgia Parliamentary Association Committee Meeting in Strasbourg
The Committee expects visa-free travel to become ‘a concrete reality’ during the month of March.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
54