Infrastructure Ministry fulfils 2023 budget with 102.5% surplus

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.