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Georgian Parliament approves draft budget for 2011

Business Materials 18 December 2010 10:26 (UTC +04:00)

Georgia, Tbilisi, Dec. 18 / Trend N.Kirtzkhalia /

The Georgian parliament adopted a 2011 budget at the extraordinary meeting on Friday with 95 votes 'for' and 8 -'against'.

The 2011- state budget is projected at 7.107.1 million lari. The expected income of the consolidated budget is 6.366.8 million lari.

Tax revenues are expected at 5.571 million lari, or 24.4 percent of GDP. The Finance Ministry set this indicator targeting economic growth of 4.5 percent.

The budget expenditure approved at 5.734.1 million lari, including 1.089.4 million lari for payroll, 793.8 million lari - purchase of goods and services, 314.3 million lari - interest payments, 218.6 million lari - subsidies, 996.1 million lari - grants , 1.489.7 million lari -social security  and 832.2 million lari - other expenses .

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