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Parliament approves 2021 budget

Parliament approves 2021 budget
Parliament approves 2021 budget

The parliament has approved the 2021 state budget by 82 votes, with Finance Minister Vano Machavariani presenting it to deputy MPs.

The country's budget is now around GEL 18 billion 400 million and is intended to grow by 4.3%.

According to the draft budget, the budget deficit stands at 7.6%, inflation at 3%, and public debt is to pass 60%.

Healthcare and social projects still remain a priority, with increased pensions also envisaged in the budget.

A total of GEL 140 million is set to be spent on measures to overcome the coronavirus crisis. 

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