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Sunday, 23 October 2016


Georgia: GEL 10 mln set aside for liquidation of natural disasters' aftermath

2009-11-19 18:09

The amount of funds from Georgia's budget set aside for liquidation of consequences of natural disasters is additionally increased to GEL 10 mln.


At today's session of the Finance and Budget Committee of the Georgian parliament the amendment draft to the 2009 state budget was discussed with the committee supporting its introduction to the plenary session.

It is known that this year a number of Georgian districts were affected by earthquakes and floods. The budgetary funds will be used for mitigation of consequences of these natural calamities.

According to the amendment draft and on the initiative of Georgian President Mikheil Saakashvili GEL 35 mln will be set aside for the return of VAT amounts overly paid by entrepreneurs.

Mikheil Saakashvili came forward with this initiative at the government's visiting session in a village of Kakheti district. As he said, before the end of the year the government will return GEL 35 mln of the VAT overly paid by entrepreneurs. Total amount of returned overpaid VAT will be GEL 160 mln.


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