Georgian Government Increases 2024 Budget by 519 Million GEL: Allocation Breakdown

Prime Minister Irakli Kobakhidze announced a significant boost to the state budget for 2024, adding 500 million GEL, bringing the total to 25 billion GEL.

This increase will bolster various ministries and funds, addressing key areas such as health, defense, and disaster relief.

Key Budget Increases:

1. Ministry of Health:

   • Increase: 115 million GEL
   • New Total: 7.9 billion GEL
   • Purpose: Enhancing healthcare services and facilities.

2. Ministry of Defense:

   • Increase: 100 million GEL
   • New Total: 1.5 billion GEL
   • Purpose: Strengthening national defense capabilities.

3. Ministry of Education and Science:

   • Increase: 80 million GEL
   • Purpose: Improving educational infrastructure and resources.

4. Ministry of Culture and Sports:

   • Increase: 33 million GEL
   • Purpose: Promoting cultural and sporting activities.

5. Ministry of Internal Affairs:

   • Increase: 10 million GEL
   • Purpose: Enhancing public safety and law enforcement.

6. Ministry of Infrastructure:

   • Increase: 10 million GEL
   • Purpose: Developing and maintaining public infrastructure.

7. Ministry of Foreign Affairs:

   • Increase: 6 million GEL
   • Purpose: Strengthening diplomatic efforts and international relations.

8. Central Election Commission (CEC):

   • Increase: 3 million GEL
   • Purpose: Supporting electoral processes and transparency.

Additional Allocations:

• Municipalities:

  • Increase: 102 million GEL
  • Purpose: Supporting local governance and development projects.

• Disaster Liquidation Fund:

  • Increase: 60 million GEL
  • Purpose: Enhancing disaster response and mitigation efforts.

Prime Minister Kobakhidze emphasized the strategic importance of these budgetary increases, aiming to address critical areas and ensure balanced development across various sectors.

Pending Details:

The Ministry of Finance has not yet released the draft budget, leaving the specifics of revenue adjustments and tax mobilization strategies undisclosed. The forthcoming details will clarify how these budgetary increments will be financed and managed.

This budget augmentation reflects the government's commitment to advancing national priorities, ensuring robust support for key ministries and enhancing overall public welfare and infrastructure.