Infrastructure Ministry fulfils 2022 budget with 103.5% excess
The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved 2022 budget by 103.5 percent, spending $38.92mln more than proscribed by the financial plan for the year. Photo: Ministry of Infrastructure
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The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved 2022 budget by 103.5 percent, spending ₾104.1 million ($38.92mln) more than proscribed by the financial plan for the year, the state body revealed on Thursday.
The Ministry spent ₾3.79 billion ($1.42bln) on infrastructure projects in 2022, with the figure also exceeding the previous year’s expenditure by ₾565.6 million ($211.48mln).
Agencies under the body’s management also exceeded annual budget plans, with the Roads Department spending ₾1.95 billion ($0.73bln), or 105 percent of the annual adjusted plan, the Municipal Development Fund using ₾630.3 million ($235.67mln), or 101 percent of its budget, and the United Water Supply Company’s spending reaching ₾445.2 million ($166.46mln) - 101 percent of the office’s budget.
The Ministry’s overall 2022 budget spend was a 23 percent increase over the ₾2.513 billion ($.0.94bln) expenditure of 2021, with the office adding the 2023 budget plan was marking another "historical maximum" with ₾3.331 billion ($1.25bln) - 12 percent higher than the approved budget of the previous year.
Georgian Prime Minister Irakli Garibashvili on Tuesday highlighted the ₾3.3 billion ($1.22bln) budget for next year’s projects under the country’s Ministry of Regional Development and Infrastructure, in his summary of the Government’s work throughout the past year.
Georgian Prime Minister Irakli Garibashvili on Tuesday said while Central Asian countries agreed on the need to diversify and develop new routes, a “special attention” was paid to the transport corridor involving Georgia, in his highlighting of the importance of port, railway and other infrastructure for realising the country’s role of a regional hub.
The Qatari company Golden Tower Invest Group will create "high-level" hotel, recreation and health infrastructure in western Georgia’s Soviet-era Tskaltubo resort as part of a project aiming to restore the former sanatoriums of the locality into a modern spa resort destination, the Georgian Ministry of Economy announced on Monday.
Georgian Deputy Economy Minister Mariam Kvrivishvili has praised the ongoing works for preparing the winter resort of Bakuriani for hosting the 2023 Freestyle Ski and Snowboard World Championship in February, the Ministry of Economy said on Thursday.
The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved budget by 110.1 percent, spending ₾43.8 million ($17.52mln) over the proscribed financial plan for the first quarter of 2023, the state body said on Thursday.
The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved budget by 13.5 percent, spending ₾158.7 million ($60.93mln) over the proscribed financial plan for the first six months of 2023, the state body said on Tuesday.