2020 budget report: gov't attracted 7 billion GEL in domestic and foreign debt
Domestic liabilities increased by 2.02 billion GEL, which is 109.5% of the annual forecast volume, while foreign liabilities increased by 5.26 billion, which is 85% of the forecast volume. Photo: Nino Alavidze/Agenda.ge.
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Georgia's state budget revenues in January-December 2020 amounted to 18.03 billion GEL, says the budget execution report of 2020.
In the reporting period, the state budget received more than 9.36 billion GEL in taxes, which is 104% of the annual plan, says the report.
The government of Georgia attracted more than 7 billion GEL in domestic and foreign debt.
Domestic liabilities increased by 2.02 billion GEL, which is 109.5% of the annual forecast volume, while foreign liabilities increased by 5.26 billion, which is 85% of the forecast volume.
At the same time, long-term preferential investment loans received in 2020 amount to 1.41 billion GEL, which is 137.2% of the forecast volume.
Last year, budget support loans from foreign sources amounted to 3.84 billion GEL, which is 74.6% of the forecast volume. Cash expenditures for repayment of domestic government liabilities amounted to 42.12 million GEL, which is 100% of the annual plan, and cash expenditures for repayment of foreign government liabilities amounted to 90.19 million GEL, which is 94.9% of the plan.
The parliament of Georgia has approved a state budget of 18.4 billion GEL for 2021 at an extraordinary session earlier today. The state budget includes over 890 million GEL expenditures for quarantine, testing and the COVID-19 vaccine.
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.
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.
Georgia has reached an agreement with the International Monetary Fund (IMF) on the parameters of the 2021 budget, announces Georgian Finance Minister Ivane Matchavariani.
Georgia has reported 546 new cases of COVID-19 over the last 24 hours after conducting 6,269 PCR tests and 4,979 rapid tests. 1,456 people have recovered from the virus, 17 have died, while 8,352 individuals remain infected throughout the country.