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Ministry of Finance: the budget of Georgia will increase

2009-06-08 16:49

The State budget of Georgia will increase by GEL 312 mln, said Kakha Baindurashvili, the Minister of Finance of Georgia, at today's meeting with local and foreign businessmen.

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According to the Minister, the real GDP growth will amount 1.5 per cent. At the same time the common income of the budget will decrease from GEL 5.51 bn to GEL 5.14 bn, grants will increase by GEL 110.5 mln. Budget liabilities will increase from GEL 536.6 mln to GEL 1.034 bn.

The government will decrease expenditures of a number of ministries, in particular, financing the Ministry of Defense will be cut by GEL 45 mln, the Ministry of Finance - by GEL 19 mln, Ministry of Regional Development and Infrastructure - by GEL 9.5 mln. The expenditures of the President's administration will be cut by GEL 1.7 mln, the State Chancellery - by GEL 1 mln.

 

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