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Parliament of Georgia to Approve Amendments to the State Budget

Published: July 25, 2012 | 2:46 pm
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The COMEMRCIAL TIMES

On July 25 Parliament of Georgia approved amendments to State Budget of Georgia for eliminating the damaged caused by the recent natural disaster in the country’s regions.

GEL 162.3 million will be allocated from the State Budget of Georgia for eliminating the damage caused by the recent natural disaster in the country’s regions, which affected Kakheti most, also Samtskhe-Javakheti and Mtskheta-Mtianeti. GEL 82.3 million will be allocated from the State Budget while GEL 80 million is a donation from various organizations.

According to the amendments, new GEL 50 million program Elimination of Disaster Consequences will be launched through state budget defined government expenditures in order to finance restoration works of the regions affected by the natural disaster and to provide necessary help to the victims. The program aims to fund the rehabilitation of the houses damaged by the windstorm and hail, providing affected families with food products and compensating damage to farmers.

Assignations will increase for Kakheti Development programme, making GEL 110.2 million ( GEL 30.2 million government finances and GEL 80 million World Bank preferential credit) . In addition, GEL 2.1 million will be transferred to Kakheti municipal outlets. GEL 6 million will be allocated for the Ministry of Health, Labor and Social Affairs of Georgia for creating Employment Base.

“These financial resources will be spent in 2012 for eliminating the damage caused by the recent disaster in the regions. Moreover, in 2013 significant money will be allocated to this direction,” declared the Minister of Finance of Georgia.

“The damage caused by the natural disaster is huge. First, it’s important to complete all the necessary works to improve living conditions of the victims, these people should be provided with food and electricity and gas supply must be restored. Second phase will include long-term rehabilitation-reconstruction works. Considering all that, it’s necessary to make amendments to the budget,” stated David   Bakradze, Chairman of the Parliament of Georgia on July 24.

Minister of Finance of Georgia, presented amendments to State Budget during the July 23 government session headed by Vano Merabishvili, Prime Minister of Georgia

“Amendments to the State Budget are necessary for allocating financing to the people who suffered from the natural disaster and with the new budget project we’ll make it happen,” declared Merabishvili.

 

 

 

 

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