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Georgia's budget revenues increase by 33.8 percent

Business Materials 26 July 2011 10:50

Georgia , Tbilisi, July 26 / Trend N.Kirtzkhalia /

The Georgian state budget revenues amounted to 1 . 764.1 billion lari (1.66 lari is $1) in the first quarter of 2011, which is 33.8 percent higher than in the first quarter of 2010, the Georgian Finance Ministry reported.

Budget revenues amounted to 1. 318.1 billion lari in 2010, the ministry told Trend.

The bulk of the budget revenues, 8 8.4 percent, came from taxes; 7.2 percent were derived from other sources of revenues, and 4.4 percent came from grants.

Revenues on taxes amounted to 1. 559.0 billion lari, which was 38 percent during the same period in 2010. The bulk of tax revenues, 43.2 percent, accounted for VAT.

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