Government placed 1.6 billion GEL on term deposits at the commercial banks
As of 9-month performance report of Georgia’s 2020 state budget, the Government of Georgia placed 1.6 billion GEL on term deposits at the commercial banks.
According to the document, the figure is the remains of the budget. The sum will be kept on the deposit accounts until 2021.
In total, the remains of the budget amounts to 2 billion GEL.
“The remains of the state budget on the state treasury accounts amounted to GEL 2,031,334,700 by October 1, 2020 ; including: Free balance 2,030,449,700 GEL; Cash for financing investment projects ("Development of Protected Areas") - 885,100 GEL," the performance report of Georgia’s 2020 state budget reads.
According to the document, another 594 million GEL is placed at the commercial banks in addition to 1.6 billion, which is the amount received from the issuance of treasury bonds.
Related news
See all the news
All
-
28.01.2021 | 20:07
Regional Statistics of COVID-19
-
28.01.2021 | 19:21მთის კურორტებზე არსებული ბიზნესი ხელისუფლებას შეხვდა - გეგა სალუქვაძე საქმის კურსში
-
28.01.2021 | 19:14
შესაძლოა, ბაზრობები 15 თებერვლამდე გაიხსნას
-
15.12.2020 | 09:18
“აჭარისწყალი ჯორჯიას” ახალი აღმასრულებელი დირექტორი ჰყავს
-
04.12.2020 | 23:00
Fines for Violation of Traffic Rules in Azerbaijan Amounted to USD 55 MLN during Jan-Sep 2020
-
04.12.2020 | 22:00
Key Highlights in Global and Regional Markets
-
29.11.2020 | 22:08
Q&A: ADB
-
20.11.2020 | 16:04
EASTERN EUROPEAN DNS FORUM WAS HELD IN GEORGIA
-
15.11.2020 | 11:03
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
-
01.11.2020 | 23:12
Q&A: Ek Law Office
-
29.10.2020 | 14:30
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
-
18.10.2020 | 22:53
Woman in Charge
-
14.10.2020 | 20:00
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
-
14.10.2020 | 00:32
U.S. Investment Firm Asks Republic of Georgia for License to Mineral Rights on Block 12
-
11.10.2020 | 22:08
Focus on Georgia - ADB
-
08.10.2020 | 11:12
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
-
07.10.2020 | 12:12
Scientific Community Calls for Action Against Lockdowns
-
02.10.2020 | 00:37
Georgian Government seize foreign-owned asset, referred to International Arbitration
-
20.09.2020 | 18:49
Studying Abroad Costs Georgian Students €10,000–15,000
-
04.09.2020 | 19:17
Franco Frattini - Georgia, straying from the rule of law