NEWS

Georgian parliament approves anti-crisis budget for 2020

The anti-crisis budget reflects additional necessary expenditures of 3.4 billion GEL needed to combat the coronavirus and treat patients. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 25 Jun 2020 - 11:51, Tbilisi,Georgia

The Georgian parliament has approved the anti-crisis budget, which reflects additional necessary expenditures of 3.4 billion GEL needed to combat the coronavirus and treat patients, the Georgian Ministry of Finance announces.

The budget allocations according to the anti-crisis plan consisted of the following:

450 million GEL in compensation to citizens who lost their jobs due to the pandemic
75 million GEL for one-time assistance in the amount of 300 GEL
170 million GEL for utility bills
24 million GEL for the assistance of persons with disabilities
60 million GEL for healthcare infrastructure
285 million GEL will be spent to treat and prevent the coronavirus
250 million GEL for reduction of income tax for the purpose of maintaining jobs
45 million GEL to subsidise flights and for quarantine services
330 million GEL to finance the credit guarantee programme
70 million GEL to subsidise interest expanses of the hotels
45 million GEL to exempt touristic facilities from the property tax
20 million GEL to issue small grants
40 million GEL to support the construction sector
139 million GEL to support the agriculture sector
600 million GEL for VAT returns
600 million GEL to create long-term lari liquidity for commercial banks

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