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Georgia to adjust state budget for 2015

Georgia Materials 10 November 2015 11:09 (UTC +04:00)
Georgian government has discussed the draft of adjusted state budget for 2015 submitted by the country’s Finance Minister Nodar Khaduri.
Georgia to adjust state budget for 2015

Georgian government has discussed the draft of adjusted state budget for 2015 submitted by the country's Finance Minister Nodar Khaduri, Sputnik reported.

The draft of the adjusted state budget envisages increasing the planned volume of tax revenues by 120 million lari ($50 million), according to the finance minister.

"Moreover, borrowings in the domestic market will be reduced by 185 million lari ($77.1 million), while the external lending will be decreased by 100 million lari ($42 million)," said Khaduri.

Khaduri noted that the expenditures of the Ministry of Infrastructure and Regional Development will be decreased by 77 million lari ($32.1 million).

The government approved the draft and the document will be submitted to the legislative body for discussing.

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