Georgian parliament passes country’s state budget for 2014

Tbilisi, Georgia, Dec. 12
By Nana Kirtzkhalia - Trend:

Georgian Parliament passed the country's budget for 2014 on Dec. 12. Eighty-six MPs voted unanimously for the adoption of Georgia's main financial document.

Representatives of minorities, who left the meeting hall as a sign of protest, did not participate in the voting. This happened after a fight that broke out between the members of minority and majority during the discussion of the situation in Ukraine.

The total state budget is estimated at 9,050 billion Georgian lari. The budget revenue in this year's budget plan stands at 7.422 billion lari ($1 = 1.71 lari), and forecasted expenditures amount to 7.248 billion lari.

In the coming year the state plans to receive 6.82 billion lari in the form of tax revenues, according to the budget.

On the revenue side, grants will amount to 144 million lari, while this year the volume of grants was scheduled at 202.5 million lari. It is planned to raise 355 million lari which is 55 million lari more than budgeted for the current year.

At the same time, the full amount of funds to be obtained through the issuance of government securities stands at 600 million lari. In 2013 this amount stood at 150 million lari and 58.3 million lari in 2012, according to the explanatory note of the Georgian government.

Some 400 million lari out of these funds will be used to finance the payments from the state budget, including coverage of the public debt and the remaining 200 million lari will be directed at ensuring the economy with long-term resources.

In particular, rules will be developed together with the National Bank for placing these funds in commercial banks. According to these rules the funds will be placed in the form of deposits in those banks which purchase these securities.

The prognosis for economic growth in the budget is five per cent. The forecasted GDP growth in the 2013 budget amounts to six per cent. However, its real growth amounted to 1.9 per cent in first nine months of 2013, according to the Georgian Statistics Service. The government supposes that the real economic growth will be 2.5 per cent by the end of the year.

It is planned to increase the monthly benefits for IDPs to 45 lari from March 1, 2014 and well as fulfil the government's promises about increasing the salaries of court staff.

The priority directions of the 2014 budget are healthcare, education, agriculture and the development of infrastructure. Nevertheless, the envisaged financing of all relevant ministries has been reduced compared to the initial draft budget. The financing of the Ministry of Economy has been increased by 62 million lari compared to the previous version of the draft budget.

In accordance with the state budget, the ministries will receive financing in the following spheres in 2014:

Ministry of Labour, Health and Social Protection - 2.658 billion lari (2.345 billion lari in 2013, 1.821 billion lari in 2012);

Ministry of Regional Development and Infrastructure - 875 million lari (928 million in 2013);

Ministry of Education and Science - 754.3 million lari (673.2 million lari in 2013);

Ministry of Agriculture - 290 million lari (241 million lari in 2013);

Defence Ministry - 660 million lari (660 million lari in 2013, 730.6 million lari in 2012, 711 million lari in 2011);

Ministry of Internal Affairs - 570 million lari (570 million lari in 2013, 587 800 000 lari in 2012, 568 million lari in 2011);

Finance Ministry - 96 million lari (100 million lari in 2013);

Ministry of Economy and Sustainable Development - 87 million lari (55 million lari in 2013);

Energy Ministry - 114.6 million lari (118.7 million lari in 2013);

Justice Ministry - 60.5 million lari (71.4 million lari in 2013);

Ministry of Corrections and Legal Assistance - 157 million lari (174.3 million lari in 2013);

Foreign Ministry - 90 million lari (80 million lari in 2013);

Ministry of Culture and Monument Protection - 80 million lari (80 million lari in 2013);

Ministry of Sport and Youth Affairs - 53.9 million lari (47.2 million lari in 2013);

Ministry of Environment and Natural Resources Protection - 31 million lari (25.9 million lari in 2013);

Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees - 48 million lari (48 million lari in 2013);

Office of the State Minister for Reintegration - 1.3 million lari (1.3 million lari in 2013);
Office of the State Minister on European and Euro-Atlantic Integration - 2.3 million lari (2.3 million lari in 2013);

Office of the State Minister for Diaspora Affairs - 900,000 lari (850,000 lari in 2013).
Financing of the Office of the Government will double and amount to 20 million lari.

Financing of parliament decreased by half a million lari compared to 2013 and will amount to 59.5 million lari. The presidential administration will receive around nine million lari which is 20,000 lari less than in 2013.

The president's reserve fund will be reduced by half dropping to five million lari in 2014. The government's reserve fund will once again reach 50 million lari.

Funding for the court also increased: the Constitutional Court - 3.3 million lari (2.6 million lari in 2013), the Supreme Court - 6.6 million lari (5.5 million lari in 2013), general courts - 47.4 million lari (34.9 million lari in 2013) and the Supreme Council of Justice - 2.485 million lari (1.075 million lari in 2013).

Funding for the Georgian Statistics Service will be increased from 4.5 million lari to 14.6 million lari this year. Around 8.8 million lari will be spent for the general census next year.
According to the budget, financing of all governors offices will be increased by several thousand lari.

The parliamentary minority will not support the draft budget for 2014. MP Giorgi Vashadze said in a statement.

He said that parliament is considering the draft state budget 2014 which is very important for the country. He said that 2013 was the year of failure of the Georgian economy.

"Economic growth decreased three-fold," he said. "We lost a two billion gross domestic product," he said. "There is a gap worth 800 million in the budget. This figure may even reach one billion."

Translated by E.A., L.Z., N.H.

Edited by S.M.

Additional editing C.N.

Armenia obligated under int'l law to provide mine maps to Azerbaijan - Matthew Bryza
Armenia obligated under int'l law to provide mine maps to Azerbaijan - Matthew Bryza
Another batch of munition left by Armenian soldiers found in Azerbaijan's Khojavand
Another batch of munition left by Armenian soldiers found in Azerbaijan's Khojavand
Azerbaijan commemorating 5th anniversary of April 2016 military success in Karabakh (UPDATE)
Azerbaijan commemorating 5th anniversary of April 2016 military success in Karabakh (UPDATE)
Loading Bars
South Africa suspends J&J vaccine rollout
Azerbaijan to become regional hub for Industry 4.0 development - US IDC
U.S. administers 192.3 million doses of COVID-19 vaccines: CDC
France suspends all flights with Brazil due to virus variant
UK records another 2,472 coronavirus cases, 23 deaths
Boeing reports first quarter deliveries
Biden set to withdraw U.S. troops from Afghanistan by Sept. 11
Number of COVID-2019 cases across globe up by over 567,000 in past day — WHO
Iranian nuclear deal meeting in Vienna rescheduled to April 15
Kazakhstan expects positive dynamics in oil industry
Erdogan reveals stricter COVID-19 measures in Turkey during Ramadan
Iran's annual iron ore concentrate output nears 50mn tons
Deputy Finance Minister: Georgia ranks first in Europe with economic growth rate according to IMF
Southern Gas Corridor increases liquidity in European gas markets
Uzbekistan-India trade grows to record high in 2020
Azerbaijan plans to organize personal account system for auditors
China's 2M2021 import of Azerbaijani products surges in value
Exchange of all data necessary to conduct effective demining is required - OSCE MG
Baku to host international gymnastics competitions again
German gov't approves uniform nationwide COVID-19 response measures
Russia's daily COVID-19 cases record lowest in months
Iran to start 60% enrichment tonight: Nuclear spokesman
Israel to allow vaccinated tourists in starting late May
Biden confirms invitation to Putin to take part in climate summit
Presidents of Azerbaijan, Belarus have informal meeting
IMF unveils forecast on Azerbaijan's oil export for 2021-2022
Azerbaijani FM, Romanian ambassador stress high level of development of bilateral political relations (PHOTO)
Special equipment of Belarus assembled in Azerbaijan may be exported to Turkey
Azerbaijan's Foreign Ministry responds to Armenia's statement on War Trophy Park
President of Belarus pays working visit to Azerbaijan (PHOTO)
Moscow, Tehran attach great importance to North-South Corridor – Russian FM
Azerbaijani president gives weighty answer to Armenia’s disinformation campaign - Official (VIDEO)
Belarus reveals plans for oil purchases from Azerbaijan
Kazakhstan’s FlyArystan launching direct flights to Georgia
Iran's Energy Exchange announces products to be on sale on April 14
International Bank of Azerbaijan opens tender to buy printed materials
Azerbaijan's Aghdam needs to be fully rebuilt - German historian (VIDEO)
Azerbaijan's PM meets with BP's regional president
Ukraine may take part in restoration of Azerbaijan's liberated lands
Azerbaijani Finance Ministry places short-term bonds on auction
Iron ore concentrate production by major Iranian companies increases
President Ilham Aliyev: Pakistan was among countries that openly supported Azerbaijan from first days of confrontation
Iran’s Bahar Azadi gold coin price again falling
Sudan due to send first delegation to Israel next week
Liabilities of Bank Melli Iran’s Baku branch increase
Armenia obligated under int'l law to provide mine maps to Azerbaijan - Matthew Bryza
Footage from Azerbaijani Jabrayil's Sadi village (VIDEO)
Azerbaijan, Ukraine discuss full resumption of mutual flights
Oil exports via Barents Sea in Lukoil system increased
Hydrometeorology in Azerbaijan needs young experts for technologies - ministry
Azerbaijan shares latest data on mine clearance work carried out on liberated lands
Co-op between Iran, Russia to be effective in activating nuclear deal – Rouhani
2021 demand for OPEC crude to be higher than in 2020
Assets of Iranian Bank Melli's branch in Azerbaijan increase
On Independence Day eve Israel's population over 9.3m
Iran still waiting for S.Korea to provide solution, release its blocked assets
Azerbaijan issues data on number of COVID-19 vaccinated citizens
Azerbaijan confirms 2,457 more COVID-19 cases, 2,002 recoveries
OPEC revises up forecasts for Azerbaijan’s 2021 liquids supply
Rosatom can take part in developing green energy in Azerbaijan - expert
Repairing of last well in Iran's Naft Shahr field launched
Iran in favor of strengthening relations with Russia – President Rouhani
Azerbaijan Railways builds co-op on transiting additional goods
IMF talks forecast of money supply growth in Azerbaijan for 2021-2022
European Hydrogen Backbone’s updated cost revealed
IMF predicts growth for Azerbaijan's oil, non-oil GDP
Cargo movements in Iran’s Qeshm port down
Azerbaijan expects tourism sector to recover by summer
Plan on budget revenues surpassed in Kazakhstan
Scotland to ease some COVID-19 restrictions early
Around 70% of European infrastructure to start transporting hydrogen
U.S. will base 500 additional troops in Germany
Russia documents 8,173 coronavirus cases in past day, lowest figure since September 28
Kazakhstan names value of payments of compulsory vehicle insurance
Iran's mobile phone imports increase
Azerbaijani president signs order on hosting European Football Championship matches in Baku
Kazakhstan drafts pricing rules for exported crude oil, gas condensate
Retail trade indicators decrease in Kazakhstan
Kazakh Gas Refinery opens tender to buy spares
Kazakhstan records decrease in oil output
Belarusian IT company keen to expand its activities in Azerbaijan's transport sector
Iran’s Jam Petrochemical Company announces its production plan
Uzbekistan building modern wastewater treatment facility at Uzbekneftegaz GTL plant
Kazakh Gas Refinery opens tender to buy engines
Russian, Azerbaijani military discuss Iskander-M missile debris in Karabakh region - Russian official
Greece can take slightly more than 1 mcm/d via TAP
President Ilham Aliyev: Liberation of territories will be additional opportunities
President Ilham Aliyev: Armenians did it deliberately in order to erase legacy of Azerbaijani culture in order to erase these territories from our memories
Together with Russian president, we discussed issue about Iskander-M missile – Azerbaijani president
TAP supplies to Greece cause contraction in LNG imports
Kazakhstan attracts investments to develop national parks in Almaty region
European Commission makes statement on TAP
Russia’s Federal Air Transport Agency allows flights from Irkutsk to 3 countries
President Ilham Aliyev: I had a strong feeling during negotiations that Armenia doesn’t want a solution
President Ilham Aliyev: I think we need to be more active in order to try to build bridges
ADB focuses on renewable energy projects in Georgia
US eyes to continue negotiations on direct flights with Georgia
Bank of Georgia discusses revised outlook for country’s economic growth in 2021
Anabechdi company plans to produce textile in Georgia
Georgia to receive significant funds from IMF
All news