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Finance MInister nodar_khaduri

Finance Minister Talks about Successful Execution of the Budget

In January-August, tax revenues amounted to GEL 5 billion 151 million 200 thousand  that is GEL 530 million more than in the same period of last year. Revenues totaled   6 billion and 304 million that is 823 million more than last year’s figures. This data was presented by Finance Minister at today’s session.

In particular, he presented a report on the budget execution for 8 months, and  noted that  in January-August the tax revenues amounted to  GEL 5 billion 151 million 200 thousand, which is 66 percent of the annual plan and  89% of the  9-month  plan. This is  GEL 530 million or 11% more than in  the same period of last year.

As for the state budget revenues over the same period, in Nodar Khaduri’s words, this  figure makes GEL  6 billion 304 million, that is GEL 823 million more than in the same period of the previous year and 87% of the 9 -month plan.

Khaduri stresses that revenues and expenditures equal each other and result in a balanced budget  in the current year. As for the cost of capital projects, in the Minister’s words , in total GEL  900 million has already been allocated for this purpose, which is 32% higher than last year’s corresponding figure.

According to the Minister, cash execution of the funds allocated from  the Regional Development Funds amounts to GEL 188 million. To date, the Fund has already  allocated GEL 390 million. Municipalities and autonomous republics budget in January-August reached GEL 260 billion million.