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Georgian President: State budget to be belt-tightening in 2011

Business Materials 4 September 2010 17:53 (UTC +04:00)
The State Budget-2011 will be the budget of 'tightened belts', the Georgian President said at a meeting with the parliamentary majority in Anaklia.
Georgian President: State budget to be belt-tightening in 2011

Georgia, Tbilisi, September 3 / Trend N. Kirtskhalia /

The State Budget-2011 will be the budget of 'tightened belts', the Georgian President said at a meeting with the parliamentary majority in Anaklia.

President Saakashvili explained that Georgia did not face difficulty. It is necessary to make the country stronger. We should invest more money in infrastructure reforms.

He said that now the country spends 25 percent of GDP on infrastructure reforms. But roughly 35 percent should have been spent.

"The belt-tightening is primarily concerned with the state apparatus. The state apparatus must not have cars worth more than 15,000. The costs should be capped," Saakashvili said.

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