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Tag Archives: State budget

Funding of Georgian President’s Administration Cut

Under the 2019 state budget’s final edition, funding of the Georgian President’s administration will be cut by 40% (-38 million GEL). In 2019, the President’s administration will be financed by only 6 million GEL. Moreover, number of employees will be reduced to 60 persons from current 140 ones. Along with …

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The 2019 State Budget: Salaries and Social Allowances to Grow

Government of Georgia has submitted a revised variant of the 2019 state budget bill to the parliament. Budget indicators have increased compared to the initial variant and 270 million GEL has been added to the final version, Irakli Kovzanadze, head of the parliament’s committee for finance and budget issues noted. …

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State Budget to Finance Village Support Program by 20 million GEL

In 2019 Government of Georgia will restore the village support program. Maia Tskitishvili, Minister of Regional Development and Infrastructure told reporters that the program will make focus on financing infrastructural projects, as compared to previous years. ”The Regional Development Fund finances projects worth over 50 000 GEL, but villages frequently …

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Draft Law of 2019 State Budget Under Discussion

THE DRAFT LAW OF 2019 STATE BUDGET IS UNDER The Government of Georgia submitted to the Parliament the preliminary version of the draft law on 2019 state budget of Georgia. The budget project is planned in accordance to basic scenario of 4.5% real GDP growth. Receipts in the 2019 state …

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Staff Cuts and Growing Salaries

The 2019 State Budget Grows Pensions by 20 GEL, as well as Salaries of Policemen, Rescuers and Firefighters.  The 2019 state budget is planned to amount to 12 729 700 000 GEL. This is the initial variant of the main financial document of the country that the Government has already submitted to the …

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State Budget Collects 397406.2 thousand GEL from Profits Tax in January-June

In January-June 2018 the Georgian state budget collected 5 646 659.2 thousand GEL, including state budget revenues constituted 5 019 831.5 thousand GEL, incomes from reduction in non-financial assets totaled 63 530.1 thousand GEL, incomes from reduction in financial assets constituted 37 261.6 thousand GEL, while incomes from increased liabilities …

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Internal Debt – More Expensive than External Debt

State Budget Pays 0.5 bln GEL to commercial banks for Serving debts. Georgia’s state debts account for 13.8bln GEL as of May 2017, including external debts total 11.2 bln GEL, while internal debts account for 2.5bln GEL. It is worth noting that over the past years  state debts comply with …

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Government to Spend 30 Million GEL for Kutaisi Airport

Kutaisi International Airport will have a new terminal and runway. The government will spend 30 million GEL for the project. There is sum of money in 2017 state budget which will be spent on the project. It is also possible that Kutaisi airport and Tbilisi Central Station will be connected …

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National Bank: High Deficit of 2017 Budget does not Create Risks for Inflation

National Bank sent its own summary to Parliament concerning 2017 state budget law-project.“National Bank discussed the law-project “ About 2017 State budget” issued by Georgian government and we are going to tell you our opinion about it.” According to Georgian parliament law-project,  state budget income amounts to 8,715 million GEL. …

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Georgia Looks to Increase State Tax Revenue Plan by 120m GEL

Nodar khaduri

Georgia’s Finance Minister Nodar Khaduri is requesting to increase the country’s tax revenue plan by 120 million GEL. At today’s Governmental meeting Khaduri presented amendments to the 2015 state budget draft, which outlined increasing the tax revenue plan following recent economic growth and tax mobilisation trends. We want reduce loans …

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State Budget Revenue Increased

Nodar Khaduri

Between January and August 2015, Georgia’s state budget enjoyed 823 million GEL extra income than the same period of last year, announced the country’s Finance Minister while outlining the country’s budget achievements at today’s Government meeting. Minister Nodar Khaduri said state budget revenues totalled 6.3 billion GEL (6,304,000,000), which was …

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