Parliament Endorses 2006 Draft Budget

Parliament approved 2006 draft budget with a 162 to 20 vote on December 23.

Revenues for the 2006 fiscal year are at GEL 3 068 600 000 (approximately USD 1.7 billion) and expenditures at GEL 3 285 400 000 (approximately USD 1.8 billion).

Although opposition parliamentarians hailed increased budgetary targets for 2006, they criticized draft budget as non-transparent.

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