Revised 2009 Budget Submitted to Parliament

The government said revised 2009 draft budget is more socially oriented than its initial version, envisaging additional GEL 179 million for various social expenses (last week the government announced additional GEL 169 would be spent on social projects).

The draft budget forecasts 4% GDP growth next year, expected to amount total of GEL 21.5 billion and targeted inflation rate is set at 7%.

A breakdown of funding for individual ministries for 2009 is as follows:

A new Ministry for Penitentiary and Probation, which will be established next year, will receive – GEL 116.1 million.

Setting up of another new ministry for regional development and infrastructure is also planned, but the proposed draft budget does not envisaging funding of this new ministry, so it will need to be additionally amended.
 
In 2009 the funding of the Georgian parliament will increase up to GEL 42.9 million, while the president’s administration will again receive GEL 16 million. GEL 25 million is envisaged for each – the president’s and government’s reserve funds.

The funding of the Central Election Commission will be reduced from GEL 47.4 million in 2008 to GEL 8.4 million in 2009 – taking into account that no elections are scheduled for next year. This funding also includes a GEL 3.9 million envisaged for funding of the political parties.

The South Ossetian provisional administration will receive GEL 10 million instead of GEL 19 million in 2008.

The Georgian Public Defender’s Office will receive GEL 2 million next year up from GEL 1.9 million in 2008.
 
The funding of the Georgian Public Broadcaster will receive additional GEL 5 million, bringing total funding in 2009 to GEL 25.5 million.
 
The funding of the Georgian Orthodox Church will increase significantly from GEL 9.5 million in 2008 to GEL 25 million next year.

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