Parliament approved on November 19 with 88 votes to 0 the government-proposed amendments to the 2010 state budget revising targeted revenues from GEL 5.4 billion to GEL 5.36 billion and expenditures – from GEL 5.6 billion to GEL 5.69 billion. Finance Minister, Kakha Baindurashvili, said on November 19, that the amendment was mainly related to increase of tax revenues by GEL 20 million and loan from international financial institutions on construction of high-voltage power line. As a result of this loan the Energy Ministry will see increase in this year’s funding from GEL 23.8 million to GEL 199.2 million. The amendment also affects funding of most of the other ministries, except of Foreign Ministry and the three state ministries. According to the amended 2010 state budget, apart of the Energy Ministry, funding of following ministries is increased to:
Funding of the following ministries is decreased to:
The funding of the Georgian Public Broadcaster has been revised upwards to GEL 38.3 million; the revision also reflects additional GEL 10 million which the broadcaster received in the course of 2010 from the government’s reserve fund large part of which (GEL 7 million) was allocated to the broadcaster’s Russian-language First Caucasian Channel. The amended budget also revised upwards forecasted 2010 economic growth from 4.5% to 5.5%. When the 2010 budget was first amended in June the forecasted growth was revised from 2% to 4.5%. |
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