The State Audit Office has published budget performance report for 2021. The document reviews donor-funded projects. According to the budget performance report, GEL74.2 million should be spent on 12 projects, while only GEL 17 million was spent.
Due to the low absorption of donor-funded projects, the Government of Georgia paid a Commitment Fee of GEL 5,771,000 to the donors. This is a "penalty" imposed by donors for non-compliance with these projects. This amount has increased by almost GEL 1 million compared to 2020.
The list includes Tbilisi Solid Waste Project, which is funded by the EBRD. The implementation of this project was estimated at GEL 25 million, although the actual utilization amounted to GEL 6.8 million. Due to this, Georgia paid GEL 289 thousand to the EBRD as a "fine".
Internet project Log-in Georgia was also included in the list of projects with low absorption. The government spent GEL 187 thousand instead of GEL 2.1 million. Due to this, Georgia paid GEL 325 thousand to the World Bank "as a fine". This means that the fine exceeded the project value.
List Of 12 Donor-Funded Projects With Low Absorption:
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