Georgian PM, Economic Council members discuss planned projects for 2024
The Council also reviewed the performance indicators of the consolidated budget of the previous year, with the members of the Council noting that revenues had been fulfilled by 102.2 percent, tax revenues by 101.7 percent, privatisation revenues by 124.3 percent, payments - 100.3 percent and capital expenditures by 101.2 percent. The budget deficit amounted to 2.5 percent of the gross domestic product. Photo via Government Administration
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The Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili, on Saturday discussed the planned projects for 2024, the Government Administration said.
The Infrastructure Minister Irakli Karseladze told the Council that his Ministry had fulfilled the state budget of 2023 by 102.5 percent, ₾83.3 million (about $31.1 mln) more than the expected amount.
Karseladze noted that the Ministry had spent ₾354.4 million (about $132 mln) more on infrastructure projects in Georgia in 2023 than the previous year, marking the "highest indicator" in the ministry's history.
He emphasised that the subordinate agencies of the Ministry had also exceeded the plans for 2023, with the Roads Department fulfilling 104 percent of the plan, the Municipal Development Fund - 100 percent, the United Water Supply Company of Georgia - 100 percent, and the Solid Waste Management Company had completed the year fulfilling the plan by 101 percent.
The Council also reviewed the performance indicators of the consolidated budget of the previous year, with the members of the Council noting that revenues had been fulfilled by 102.2 percent, tax revenues by 101.7 percent, privatisation revenues by 124.3 percent, payments - 100.3 percent and capital expenditures by 101.2 percent. The budget deficit amounted to 2.5 percent of the gross domestic product.
The 33,800 tonnes of citrus, worth of $22 million, have been exported out of Georgia thus far, the Economic Council said, noting 9,900 tonnes of non-standard citrus had already been processed and it was planned to process an additional of three to five thousand tonnes.
The conversation also touched on subsidising electricity for socially vulnerable families, with the Council emphasising that the subsidising programme for families with less than 150,000 rating points in the unified database of socially vulnerable households would continue in 2024 as well.
As Health Minister Zurab Azarashvili told the Economic Council, in 2024, the Government would finance about 250,000 socially vulnerable families with up to 12.5 tetri of electricity consumed.
Azarashvili also added that the subsidy for socially vulnerable families would remain in force, notwithstanding the decision of the Georgian National Energy and Water Supply Regulatory Commission last month, which decreased the electricity tariffs for both household and non-household consumers by three tetri per one kWh.