Georgian PM, Economic Council members discuss 2024 revised budget project
The conversation also touched on the economic trends of the nine months of 2023, the results of the budget execution and new projects, as well as economic initiatives for 2024. Photo via Government Administration
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Georgia’s revised budget project for 2024 was discussed on Thursday in a meeting of the Government’s Economic Council led by Prime Minister Irakli Garibashvili.
Lasha Khutsishvili, the Georgian Finance Minister briefed the Council members on the budget priorities, with the Council noting that the 2024 budget considered increasing the financing of social protection programmes.
The project also includes the increase of remuneration for teachers and employees in the public sector and provides significant financial resources for the promotion of economic growth, the Government Administration said.
The conversation also touched on the economic trends of the nine months of 2023, the results of the budget execution and new projects, as well as economic initiatives for 2024.
Georgian Prime Minister Irakli Garibashvili on Friday announced his Government would allocate $185 million for the country’s Education Ministry in 2024, from which $59 million would be spent on increasing teachers’ salaries.
Georgian Deputy Finance Minister Giorgi Kakauridze on Wednesday told a session of the Sectoral Economy and Economic Policy Committee of the Parliament that next year's budget would have ₾90 million ($33.46mln) to combat consequences of natural disasters.
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.
Georgian Prime Minister Irakli Garibashvili said pensions for pensioners aged 70 years and older would increase by ₾50 ($18.62) and become ₾415 ($154.58), while for pensioners under 70 it would be raised by ₾20 ($7.45) and reach ₾315 ($117.33).
Georgian Prime Minister Irakli Garibashvili on Friday presented the revised version of the 2024 state budget at the weekly Government meeting, planned with a ₾700 million ($257.85mln) increase and the total amount of ₾28.5 billion ($10.5bln).
How is it distributed over ministries?
Georgian Prime Minister Irakli Garibashvili on Friday provided detailed information about the 2024 state budget at the weekly Government meeting and shared how the figure would be distributed to different ministries and purposes.
Georgian Finance Minister Lasha Khutsishvili on Wednesday presented an updated draft state budget for 2024 at the second hearing of the Parliament, calling the document a budget aimed for ensuring “bright, progressive, inclusive and advancing future of Georgia”.
Georgian Prime Minister Irakli Garibashvili on Monday said ₾6.7 million ($2.47mln) would be spent on infrastructure projects across the country next year, in comments on the final version of the state budget for next year at the weekly Government meeting.