Real Estate
Posted: 3 years ago

Land Sale Brought 17.1 Million to Georgia's Budget


In January-March the revenue of Georgia's consolidated budget amounted to GEL 3,006,209,199.

It’s worth mentioning that in the reporting period the revenue received from the sale of non-derivative assets amounted to GEL 21,655,957. The income from the sale of land reached  GEL 17,089,488. Namely, GEL 1,647,969 were mobilized from the sale of land in the state budget and GEL 15,441,519 in the administrative-territorial unit budget.

Consolidated budget is a consolidated budget of the Republican and local self-governing units of the Autonomous Republics, which is not subject to approval by any representative body.