About Civil.ge
Eng | Geo | Rus
Last updated: 02:59 - 26 Mar.'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
26 Mar.'17 02:59
Owners Willing to Hand Controlling Stakes to Rustavi 2 Staff
Much still unclear about a surprise deal.
26 Mar.'17 00:26
UN Human Rights Council Demands “Immediate Access” to Abkhazia, South Ossetia
Resolution passed by 18 votes to 5 against. 24 abstained.
25 Mar.'17 00:58
Moscow Accuses Tbilisi of Wanting to ‘Sabotage’ Geneva Talks
Georgia’s ‘political show’ creates ‘confrontational atmosphere’ ahead of March 28-29 talks, Moscow says.
24 Mar.'17 20:57
Interior Minister Pledges Closer Partnership with Brussels
Mghebrishvili reassures partners, as Georgians ready for visa-free travel.
24 Mar.'17 17:41
Ukraine Denounces Abkhazia, S. Ossetia Polls
Ukraine supports Georgia’s sovereignty and territorial integrity, the country’s OSCE Ambassador said.
24 Mar.'17 16:47
Georgia Denies Arms Transit Reports to Armenia
Georgian officials denied two separate reports on alleged arms transit to Armenia.
24 Mar.'17 13:26
National Security Council Convenes over NATO, Abkhazia
NSC discussed Black Sea Security, Georgia-NATO relations and Security Strategy update.
23 Mar.'17 17:32
Foreign Minister Joins Ministerial Meeting against Terrorism
The Global Coalition meeting was hosted by the U.S. Secretary of State Rex Tillerson on March 22.
23 Mar.'17 16:05
Alliance of Conservatives & Reformists in Europe on Rustavi 2 TV Dispute
ACRE ‘believes’ Georgia will continue to uphold media plurality and media freedom in the country.
23 Mar.'17 14:05
Parliament Overrides Presidential Veto on Surveillance Bill
Lawmakers rejected presidential objections as ‘politically motivated.’

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
56