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Parliament of Georgia Approved 2013 Budget

Published: December 21, 2012 | 1:16 pm
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The COMMERCIAL TIMES

Parliament of Georgia approved 2013 budget on December 20 with 80 votes against 0. The newly approved budget is a socially focused document.

2013 budget revenues make GEL 7.42 billion and expenditures- GEL 7.25 billion.

Tax revenues are forecasted to be GEL 6.92 billion next year while the indicator was GEL 6.3 billion this year; expected revenue from value added tax is GEL 3.38 billion, personal income tax is – GEL 1.81 billion,  profit tax – GEL 924 million, import tax (customs) – USD 104 million; excise tax – GEL 665 million.

The 2013 budget target to receive GEL 202.5 million foreign grants and revenues from privatization is set at GEL 100 million.

Like the current year, next year’s budget real GDP growth will be 7% with nominal GDP estimated to reach GEL 29.28 billion.

The fiscal deficit is planned to decline from 3.5% to 2.8% of GDP in 2013.

“It’s a socially-focused budget where healthcare expenditures are doubled. Next year every citizen of Georgia will be insured, pensions will increase up to GEL 150. Government will provide significant investments in agriculture, funding of education sector will increase, expenditures of the Ministry of Internally Displaced People will be practically doubled. Around GEL 100 million will be spent in the construction of and renovation of buildings. Law enforcement structures will get less funding as well as the Ministry of Finance and the Office of Prime Minister,” declared Nodar Khaduri, Minister of Finance of Georgia.

Funding of the ministries, according to the 2013 budget, is as follows:

The Ministry of Health, Labour and Social Affairs of Georgia – GEL 2.345 billion in 2013 (2012 – GEL 1.821 billion);

The Ministry of Defense of Georgia – GEL 660 million (2012 – GEL 730 million; 2011 – GEL 711 million; 2010 – GEL 728 million);

The Ministry of Internal Affairs of Georgia - GEL 570 million (2012 – GEL 587.8 million; 2011 – GEL 568 million; 2010 – GEL 549.2 million);

The Ministry of Regional Development and Infrastructure of Georgia – GEL 901 million (2012 – GEL 717.1 mln);

The Ministry of Education and Science of Georgia – GEL 670 million (2012 – GEL 625.7 mln);

The Ministry of Agriculture of Georgia - GEL 241 million (2012 – GEL 229.9 million);

The Ministry of Finance of Georgia – GEL 100 million (2012 – GEL 108.2 mln);

The Ministry of Economy and Sustainable Development of Georgia – GEL 82.5 million (2012 – GEL 145.4 million);

The Ministry of Energy and Natural Resources of Georgia-  GEL 118.7 million (2012 – GEL 310.9 mln);

The Ministry of Justice of Georgia, - GEL 67.6 million (2012 – GEL 56.5 mln);

The Ministry of Corrections and Legal Assistance of Georgia – GEL 174.3 million (2012 – GEL 128.3 mln);

The Ministry of Foreign Affairs of Georgia- GEL 80 million (2012 – GEL 82.8 mln);

The Ministry of Culture and Monument Protection of Georgia – GEL 80 million (2012 – GEL 93 million);

The Ministry of Sport & Youth Affairs of Georgia- GEL 47.2 million (2012 – GEL 59.4 million);

The Ministry of Environment Protection and Natural Resources - GEL 27.2 million (2012 – GEL 19.3 million);

The Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees of Georgia - GEL 48 million (2012 – GEL 39.2 million);

The Office of the State Minister for Reintegration – GEL 1.3 million (2012 – GEL 1.2 million);

The Office of the State Minister on European and Euro-Atlantic Integration – GEL 2.3 million (2012 – 2.3 mln);

The Office of the State Minister of Georgia for Diaspora Issues – GEL 850,000 (2012 – GEL 850,000).

Top Highlights

Starting from April 1, 2013 minimum monthly pension will increase up to GEL 125 for those who are under the age of 67. Currently only those pensioners who are over 67 receive minimum monthly pension of GEL 125. Starting from September 1, 2013 minimum monthly pension for all the pensioners of retirement age will be increased up to GEL 150.

Government plans to allocate GEL 163 million starting from July, 2013 Unified Insurance Program.

Funding of the Parliament and its subordinate institutions is increased from the current year’s GEL 41.1 million to GEL 60 million next year. Some portion of increased funding will go for rehabilitation of the Parliament’s old building in Tbilisi as Georgian Dream wants to relocate the legislative body from Kutaisi back to the capital city.

The President’s administration will receive GEL 8.9 million in 2013, which is less than GEL 14.1 million in 2012 and the government’s administration will be funded with GEL 11.8 million, which is less than GEL 12.5 million in 2012.

The government’s reserve fund will be reduced from current GEL 70 million to GEL 50 million in 2013.

National Security Council (NSC) will receive GEL 1.8 million in 2013 instead of GEL 21 million in 2012.

GEL 449 million will be allocated for various regional projects; funding of the rural development program will remain unchanged – GEL 50 million.

The amount of transfers for the autonomous republics and local self-government bodies from the central budget is GEL 769.7 million out of which GEL 448 envisaged for Tbilisi (GEL 3 million more than in 2012).

The Central Election Commission will get GEL 47.5 million next year, when presidential elections are scheduled.

Funding for the Georgian Orthodox Church will increase from the current year’s GEL 22.8 million to GEL 25 million in 2013.

 

 

 

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