Parliament to back amended draft 2021 state budget
Parliament to back amended draft 2021 state budget

The Georgian parliament backed the amended draft 2021 state budget with 85 votes pro on Thursday.

First Deputy Finance Minister Giorgi Kakauridze told MPs that the 7,7% renewed economic growth prediction by the International Monetary Fund (IMF) allowed boosting budgetary revenues.

According to Kakauridze, the reduction of deficiency, economy restoration, and Covid-19 and related healthcare management are three reasons for the increase.

Based on the proposed changes, the deficit reduces from 7.6 to 6.9%, while the government debt goes down to 54.6%. The total budget revenues increase by GEL 1,174.9 million and reach GEL 17,933.1 million, while budget allocations total GEL 19,498.8 million increasing by GEL 1,114.2 million.