State allocates 44m GEL extra to Tbilisi budget 2015
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Georgia’s capital city has been granted an additional 44 million GEL from the state budget to cover increasing costs related to the Tbilisi flood and the upcoming European Youth Olympic Festival (EYOF).
A spokesperson from Tbilisi City Hall said Georgia’s capital city "required additional funding” to cover the cost of the flood damage and the EYOF, which will see more than 4,000 young athletes from 49 European countries come to Georgia and participate in the July 26-August 1 competition.
The spokesperson confirmed this request had been approved and the Tbilisi 2015 budget had increased by 44 million GEL.
This year the Tbilisi municipal budget will use14 million GEL to finance flood-affected families – this amount is 0.3 percent of the city’s budget.
Furthermore, an addition 13 million GEL has been allocated to the Tbilisi budget to cover the cost of remaining preparatory works for the EYOF event.
As well as this, Tbilisi City Hall will borrow 18 million GEL from the Development Fund and donor organisations to conduct road repairing works in the capital city.
The spokesperson said the capital city’s main financial document will be discussed today at a Financial Committee meeting.
Georgian and foreign experts are starting to design a strategy of ways to repair the flood-affected Vere River and its ravine, in a bid to prevent a similar disaster occurring in the future.
The people of Georgia, private and state organisations, global donors and foreign governments are all generously donating to relief funds that will assist the hundreds of people affected by the devastating flood in Tbilisi and help fund the rehabilitation of damaged infrastructure in Georgia’s capital.
The United States (US) is sending teams of experts to assist local services recover from the flash flood that caused major damage in Tbilisi last weekend.
The international community is offering assistance and standing in solidarity with Georgia and its people following the deadly flood that hit Tbilisi on Saturday night.
Banks in Georgia are stepping up to help the people who were hit hardest by the destructive flood in Georgia’s capital Tbilisi on June 13.
The European Union (EU) is offering Georgia financial aid to provide durable housing solutions and address humanitarian challenges in the aftermath of severe flood that devastated Tbilisi on June 13.
Lithuania has joined the global campaign to support and stand by Tbilisi flood victims by hosting a charity concert.
Georgia’s state budget will be reduced by about 140 million GEL to overcome the ongoing currency crisis and to cover the cost of the June 13 deadly flood damage, which is believed to exceed 100 million GEL.
How will the money be spent?
Tbilisi Mayor David Narmania revealed the money would be mainly spent on developing infrastructure, education, healthcare and social needs, as well as transforming Tbilisi into a more green, ecologically-friendly city.