1.1 billion GEL for Tbilisi 2021 budget
Kaladze said that in 2021 it is fundamentally important to implement various types of projects in the city. Photo: Nino Alavidze/Agenda.ge.
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The 2021 Tbilisi budget will be over 1.1 bln GEL, Tbilisi Mayor Kakha Kaladze has announced earlier today, noting that 33 per cent of the budget will be spent on social and healthcare projects.
In 2021 it is fundamentally important to implement various types of projects in the city, said Kaladze.
The city’s 2020 budget was 1.23 billion GEL, an increase of 217 million GEL over 2019; much of the Tbilisi budget for 2020 was used to replace old yellow buses and renew the city’s public transport fleet.
As for the state budget of Georgia, 18 billion GEL has been allocated for state ministries, agencies, projects, and also to alleviate sectors of the economy affected Covid-19 in 2021.
The Tbilisi municipal budget is increased by 217 mln GEL ($75.8 mln/€70 mln) and amounts to 1.239 billion GEL ($430 mln/€400 mln) for 2020.
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.
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.
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 head of the National Bank of Georgia Koba Gvenetadze projects the Georgian economy will grow 5% in 2021.
Based on the latest IMF forecast the Georgian economy will have lost $1.3 billion this year as a result of the pandemic, while it is expected that it will lose an additional $800 million next year, said Finance Minister Ivane Matchavariani earlier today.
Tbilisi City Hall will fund higher education fees for an additional 1,000 students from poor families who live in the capital city, Tbilisi Mayor Kakha Kaladze stated earlier today.