NEWS

Infrastructure Ministry fulfils 9-month 2023 budget with 108.2% excess, spending at “historic high”

Agencies under the body’s management also exceeded annual budget plans, with the Roads Department spending ₾1.50 billion ($0.56bln), or 109 percent of the annual adjusted plan. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 10 Oct 2023 - 12:15, Tbilisi,Georgia

The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved budget for the first nine months of 2023 by 108.2 percent, spending ₾176.1 million ($65.84mln) more than proscribed by the financial plan, the state body revealed on Tuesday.

The Ministry contributed ₾220.1 million ($82.29mln) more financial resources to the development of infrastructural projects than the previous year, which is the highest nine-month performance rate in the history of the Ministry's existence”, it added.

Agencies under the body’s management also exceeded annual budget plans, with the Roads Department spending ₾1.50 billion ($0.56bln), or 109 percent of the annual adjusted plan, the Municipal Development Fund using ₾479 million ($179mln), or 104 percent of its budget, and the United Water Supply Company’s spending reaching ₾309.3 million ($115.64mln) - 102 percent of the office’s budget.

The Ministry’s overall 2022 budget spend was a 23 percent increase over the ₾2.51 billion ($.0.94bln) expenditure of 2021.

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