Georgia’s Infrastructure Ministry fulfils budget with 125.9% excess in January-March

The Ministry of Regional Development and Infrastructure of Georgia on Wednesday said it had exceeded its approved budget by 125.9 percent, spending ₾114 million (42.23mln) over the proscribed financial plan for the first three months of 2024.

Cash flow of the state budget amounted to ₾554.9 million ($205.54mln), ₾114 million ($42.23mln) over the plan, the body said.

The Ministry added it had spent ₾76.1 million ($28.19mln) more on infrastructure projects this year than in the same period of 2023, in figures it called the “highest three-month performance rate” in its history.

Agencies and companies under the body’s management also exceeded annual budget plans, with:

• The Roads Department spending ₾365.2 million ($135.28mln), or 130 percent of the plan
• The Municipal Development Fund - ₾105.9 million ($39.23mln) or 112 percent
• The United Water Supply Company  - ₾74.7 million ($27.67mln) or 135 percent
• The Solid Waste Management Company - ₾7.4 million ($2.74mln) or 100 percent

The budget of the Ministry this year is set at ₾3.4 billion ($1,259,674,031).