Georgia fulfils state budget in 2018

Georgia’s state budget income as well as revenue was fulfilled by 100% this year. Photo: N. Alavidze/Agenda.ge.

Agenda.ge, 31 Dec 2018 - 16:17, Tbilisi,Georgia

Georgia’s state budget income as well as revenue was fulfilled by 100% this year, announces the treasury service of Georgia’s Ministry of Finance. 

As for the 2019 state budget, Georgia will have over 12 billion GEL in the state budget next year. 

Next year’s budget is planned with a 4.5% economic growth forecast, and if the actual index is higher, the budget will be amended in 2019. 

The 2019 state budget is organised into four main categories:

  • Human capital – increased state investments to human capital development, namely: healthcare, education, environment, as well as agriculture that will facilitate the human capital development concept.
  • Physical capital – both municipal and other types of infrastructure, irrigation systems etc.
  • Financial capital outlines the state’s role in the development of small and medium-sized enterprises.
  • Security – includes high defence standards and the rule of law.