Georgia's new budget to include COVID-19 related expenditures

Finance Materials 12 November 2020 12:44 (UTC +04:00)
Georgia's new budget to include COVID-19 related expenditures

BAKU, Azerbaijan, Nov. 12

By Tamilla Mammadova – Trend:

The 2021 state budget of Georgia will include expenditures for quarantine, testing, and COVID-19 vaccine and will be discussed at the parliament of Georgia by the end of this month, said Georgian Finance Minister Ivane Matchavariani, Trend reports via Georgian media.

He added that the budget has been planned with a 4.3 percent economic growth forecast and the parameters of the budget was agreed upon with the International Monetary Fund.

Matchavariani said that it is important for the country that the opposition party enters the parliament and takes part in the discussion of the l budget.

"The budget is one of the most important documents that parliament considers during the year. Its urgency today is as high as ever in this time of pandemic and crisis. If the budget is not approved by the parliament, the automatic model will be activated, which is not good," Matchavariani said.

He also announced that of the state programs that support business and society the government will continue to cover utility fees for certain citizens based on energy consumption levels.

Matchavariani said that the decision to extend or not the other programs will be announced soon.


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