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.