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President’s Reserve Fund Abolished, Zurabishvili’s Administration to Cut Expenses

The Georgian President’s reserve fund will be abolished, according to the final edition of the 2019 state budget bill.

It is noteworthy that under the initial bill, the President’s reserve fund was to be financed by 5 million GEL. Furthermore, the new administration of the Georgian President will cut expenses by about 4 million GEL in 2019.

According to the revised final edition of the 2019 state budget, the President’s administration will be financed by 6 million GEL, instead of previous 10 million GEL.