Infrastructure Ministry fulfils 2023 budget with 102.5% surplus
The Ministry spent ₾354.4 million ($131.76mln) more on infrastructure projects than last year, marking the “highest indicator” in the history of the body’s existence. Photo: Ministry of Infrastructure
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The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved 2023 budget by 102.5 percent, spending ₾83.3 million ($31mln) more than proscribed by the financial plan for the year, the state body revealed on Tuesday.
The Ministry spent ₾354.4 million ($131.76mln) more on infrastructure projects than last year, marking the “highest indicator” in the history of the body’s existence.
Agencies under the Ministry’s management also met or exceeded annual budget plans, with:
- The Roads Department spending ₾2.01 billion ($0.75bln), or 104 percent of the annual adjusted plan
- The Municipal Development Fund spending ₾839 million ($312mln), or 100 percent of the plan
- The United Water Supply Company using ₾521.1 million ($193.74mln), or 100 percent of the plan, on its needs
- The Solid Waste Management Company expended ₾43 million ($16mln), or 101 percent of the plan
This year’s budget includes ₾7 billion ($2.60bln) for development of infrastructure projects across the country.
Georgian Finance Minister Lasha Khutsishvili on Wednesday presented the final version of the draft state budget for 2024 to the Parliament and said the document reflected programmes that “fully respond” to the “main tasks” of the country.
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 on Friday said the country’s budget for 2024, planned with a 5.2 percent economic growth, would be ₾27.800 billion ($10.35bln).
The Municipal Development Fund of Georgia on Thursday announced the launch of a ₾1 billion ($382mln), five-year programme for renovation and development of infrastructure in 11 locations across the country. Venues and monuments in cities and towns will go under works as part of the programme initiated by Prime Minister Irakli Garibashvili.
The Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili, on Saturday discussed the planned projects for 2024, the Government Administration said.