The Georgian government has presented a bill to parliament requesting 14.2 billion GEL ($4.77 bln/€4.37 bln) for the 2020 budget, including budgetary funds of 12.99 billion GEL ($4.37 bln/€4 bln), grants of 45 million GEL ($15.12 mln/€13.85 mln) and credit of 1.17 billion GEL ($0.39 bln/€0.36 bln).
Compared to 2019, there is about 900 million extra lari ($302.47 mln/€277.02 mln) which will be fully spent on Georgian citizens, especially on those who need to have their pensions and salaries raised. We can really call this budget a citizen oriented budget“, said Irakli Kovzanadze, chairman of the Budget and Finance Committee.
The 2020 budget reflects the development of the regions and needs of self-governments, education, security, infrastructure development and other important areas”, the chairman of parliament, Archil Talakvadze.
By 2020, state debt is expected to be 22.68 billion GEL ($7.62 bln/€6.98 bln), while the external debt of the state is expected to be 17.71 billion GEL ($5.95 bln/€5.45 bln), and the amount of domestic debt is expected to be 4.97 billion GEL ($1.67 bln/€1.53 bln).
In 2020, social spending is projected to increase by 300 million GEL ($100.82 mln/€92.34 mln) and 1.07 billion GEL ($0.36 bln/€0.33 bln) will be allocated to health programs.
From July 1, 2020, the salaries of village doctors will increase by 100 GEL ($33.6/€31.07)", said Georgian Prime Minister Giorgi Gakharia. Photo: Government's press office.
More than 1.8 billion GEL ($0.6 bln/€0.55 bln) will be spent on education, while 1.02 billion GEL ($0.34 bln/€0.31 bln) will go towards defence and the police.
More than 3.7 billion GEL ($1.24 bln/€1.14 bln) will be spent on financing infrastructure projects. More than 240 million GEL ($80.66 mln/€73.87 mln) will be allocated to small and medium-size businesses.
The total volume of state budget expenditure will be 10.67 billion GEL ($3.58 bln/€3.28 bln)which will be distributed as follows:
Income to the state treasury in 2020 will be 14.04 billion GEL ($4.72 bln/€4.32 bln) in which tax income is 10.3 billion GEL ($3.46 bln/€3.17 bln).