Parliament approves updated Georgian state budget 2022
The government’s debt limit will be fixed at 51.1% of GDP for 2022 while the volume of state debt amounts to 32.16 billion GEL. Photo: Parliament of Georgia.
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The Georgian parliament has approved the updated state budget 2022 for Georgia, planned with an economic growth forecast of 6%. The budget amounts to 19.1 billion GEL.
The document was approved by 78 votes in favour and one vote against earlier today.
The health care and social programmes, education and infrastructure projects are the main priority fields of the budget.
Next year, the increase of salaries for teachers as well as increase of pensions and the amount of state payments for war and military veterans is planned,” the press release published by the Georgian parliament reads.
The government’s debt limit will be fixed at 51.1% of GDP for 2022 while the volume of state debt amounts to 32.16 billion GEL.
The consolidated budget deficit will be set at 4.2%.
The funding of various ministries in the country is as follows:
- Health Ministry - 6.09 billion GEL
- Infrastructure Ministry - 2.8 billion GEL
- Education Ministry - 1.68 billion GEL
- Defence Ministry - 1 billion GEL
- Economy Ministry - 932 million GEL
- Interior Ministry - 865 million GEL
- Environment Ministry - 593 million GEL
- Justice Ministry - 310 million GEL
- Foreign Ministry - 176 million GEL
- Finance Ministry - 105 million GEL
Georgian Finance Minister Lasha Khutsishvili stated during the discussion of the final draft budget in the parliament that for infrastructure projects in 2022 record funding will be spent amounting to 9.1% of GDP.