NEWS

Infrastructure Ministry fulfils budget with 110.1% excess in Q1 2023

The Roads Department spent ₾315 billion ($126mln), or 114 percent of the plan. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 25 Apr 2023 - 12:33, Tbilisi,Georgia

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 said it had spent ₾72.2 million ($28.88mln) more on infrastructure projects this year than in the same period of 2022, which it said was the “highest three-month performance rate” in its history.

Agencies and companies under the body’s management also exceeded annual budget plans, with:

The Roads Department spending ₾315 billion ($126mln), or 114 percent of the plan
The Municipal Development Fund - ₾83.8 million ($33.52mln) or 106 percent
The United Water Supply Company - ₾71.7 million ($28.68mln) or 101 percent
The Solid Waste Management Company - ₾6.6 million ($2.64mln) or 106 percent

Last year the Ministry also exceeded its approved budget by 103.5 percent. The figures showed the Ministry spent ₾104.1 million ($41.65mln) more than proscribed by the financial plan for the year.

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