Country Report Georgia March 2011

Economic policy: The government targets a budget surplus in 2011

The 2011 state budget, which parliament approved on December 17th, targets a surplus of just over Lari220m as fiscal constraints continue. The government plans state revenue at Lari5.95bn, of which it expects Lari5.3bn to come from tax revenue and Lari150m in receipts from privatisation. Expenditure has been set at Lari5.73bn. The government has increased the amount allocated to the Ministry of Regional Development and Infrastructure to Lari864m in 2011 from Lari689m in 2010, but has reduced spending in other spheres, most notably the defence budget, which fell to Lari661m from Lari749m in 2009.

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