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New Budget Project Presented By the New Minister of Finance of Georgia

Published: November 14, 2012 | 2:15 pm
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New Minister of Finance of Georgia Nodar Khaduri presented a new budget project on November 13 during the special meeting of the Parliament. According to the minister, Georgia’s state budget for 2013 is over GEL 8 billion and includes the fulfillment of all the promises made by Georgian Dream coalition before the autumn parliamentary elections. The priorities of the country’s main financial document are: healthcare, agriculture, education and social programs.

“The next year’s budget will be the document focused on people’s welfare. All the promises made by Georgian Dream coalition during the pre-election period will be kept. Pensions and social aid programs will be increased, every citizen will be insured,” declared the Minister.

As Khaduri noted, GEL 740 is allocated for GD promises within the budget under the New Initiatives Financing Fund chapter. The government continues work to increase the Fund finances.

The minister spoke about the new initiatives, according to which the Parliament suggests accepting untaxed minimum concept, which is oriented at low-income population.

The budget also envisions the creation of a special agriculture fund, which will be mainly filled from private investors and donor organizations.

Administrative expenditures will be decreased.

The new government says the budget will transparently show Other Expenditures.

Discussions around the 2013 budget will continue at the Parliament till the end of the month. Presumably, the country’s main financial document will be approved in the end of December.


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