Georgian Ministry of Infrastructure to have 30% higher budget in 2021
Next year, 11 municipal road renovation and construction projects will be completed. In total 85 km of roads will be built and about 600 km of roads will be repaired, said the ministry. Photo: Nino Alavidze/Agenda.ge.
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The 2021 budget of the Ministry of Regional Development and Infrastructure will be 2.37 billion GEL: the highest in the history of the ministry and exceeds the budget of 2020 by 551.3 million GEL (30%), announces the ministry.
The budget will be distributed in the following way:
Road infrastructure - 853 million GEL
Next year, 11 municipal road renovation and construction projects will be completed. In total 85 km of roads will be built and about 600 km of roads will be repaired", said the ministry.
Water supply - 347 million GEL
New projects will be financed in Samtredia, Vani, Baghdati and Kazbegi which will benefit more than 50,000 families. 24-hour water supply will also have 45,000 families living in Telavi, Sighnaghi, Kvareli, Dedoplistskaro municipalities", said the ministry.
Construction, renovation of educational infrastructure - 161 million GEL
The construction of 49 schools will be completed in 2021. 80 schools will be renovated and the construction of 17 new kindergartens will be financed next year", said the ministry.
Fund for projects to be implemented in the regions - 280 million GEL
This year's budget for the ministry, which totalled 1.82 billion GEL, will end in a surplus.
Next year Georgia will have a state budget of 18 billion GEL to use for state agencies, projects, and also to alleviate sectors of the economy affected Covid-19. The final version of the draft state budget for 2021 is already being discussed by parliament.
The 2021 state budget of Georgia will include expenditures for quarantine, testing and Covid-19 vaccine and will be discussed at the parliament of Georgia by the end of this month, announces Georgian Finance Minister Ivane Matchavariani.
Georgia has reached an agreement with the International Monetary Fund (IMF) on the parameters of the 2021 budget, announces Georgian Finance Minister Ivane Matchavariani.
The Georgian government is going to borrow 5.3 bln GEL from multilateral and bilateral donors and partners in external debt in 2021, says the final version of the state budget for 2021. 3.1 billion GEL will be spent on servicing external state debt, while 570 million GEL will be spent on servicing domestic state debt. Based on the final version of the state budget for 2021, government debt is forecasted at 60.1 per cent of GDP by the end of 2021.
A total of 800 state license plate identification cameras purchased by the Roads Department of Georgia for 2.5 million GEL in 2018 are still in storage, says the State Audit Office in its overview of financial reports of the Ministry of Regional Development and Infrastructure of Georgia.
Georgian non-governmental organisation the Institute for Development of Freedom of Information (IDFI) has reviewed the 2021 state budget of Georgia and presented its recommendations to help the government better formulate a financial plan for the 2021 fiscal year.
Georgia's state budget revenues in January-December 2020 amounted to 18.03 billion GEL, says the budget execution report of 2020. The state budget received more than 9.36 billion GEL in taxes, which is 104% of the annual plan, says the report.