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Friday, 27 April 2018


Budget eating Georgians out of house and home

2011-04-29 13:23

Budget eating Georgians out of house and home. 16466.jpegGeorgian government likes to plan the budget, or, to put it simpler, divide it. Several times a year, the parliament takes a decision to increase the size of the cash-box; however, President Mikhail Saakashvili has solemnly announced that it's time to pull in one's belt. Liberal reforms and infrastructure projects require large money that Georgia has not got. However, due to the amendments to the Basic Financial Law, extra 210 million dollars will help solve the problem. At the citizens' expense,


of course.

Minister of Finance Kakha Baindurashvili is working on the budget increase more diligently than the rest of the public officials. According to the Georgian authorities, the current year will be a hard one but the high-qualified officers of the Cabinet will do everything possible so that the current authorities did not regard this additional burden as too heavy. The official reason why the parliament decided to make amendments to the budget is liberal reforms. Mikhail Saakashvili initiated them in 2004 but still cannot reach a logic end. He assures that the difficulties will primarily concern the state office, which should restrict its appetites. But an old bird is not caught with chaff.

If we consider the main financial document of the country it becomes clear that it is not only the budget that is increased but also its items of expenditure - up to 5 billion dollars. Mr. Baindurashvili believes that such casus happened because of the increased pension payments that have reached one hundred dollars per pensioner since this September. And where will the Minister of Labour, Health and Social Protection take such big money? Right you are, from its increased budget that is to be replenished by 138 million dollars. But the government is playing cunning: the amount of pension will grow only for certain categories of citizens - invalids of the first degree of disablement and very old people, while those families that lost their breadwinners, invalids of other degrees of disablement and those who have just reached the pension age are still out of favour with Mikhail Nikolozovitch and his supporters.

It is notable, though, that the tax revenue is the largest part of the entire Georgian budget comprising 25 percent of the Caucasian republic's GDP. The citizens who hardly make both ends meet have to replenish the state treasury by 76 percent. At the same time, the budget deficit remains at the level of 7 percent, though Kakha Baindurashvili together with the Minister of Economy and Sustained Development Veronica Kobalia assured that this figure will be 4,5 percent and one may only envy their ability to get out of the situation.

"The government forecasted a 4,5% GDP growth this year when developing the budget 2011. But as soon as a higher figure has been recorded, we reconsidered the previous conclusions and forecasted a 6,5 - 7% GDP growth in 2011. If it is realized within one year, we will reconsider the budget but it will be increased still", - the minister of finance stated openly. But while the parliamentarians are trying to guess how they will fleece the people of all their money, the government is not going to be satisfied with all it has achieved. The ministers have already started planning the budget for 2012.

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