20.Nov .2019 13:54

Tbilisi will Have Draft Budget of GEL One billion Twenty MLN – What are the Main Priorities

Tbilisi will Have Draft Budget of GEL One billion Twenty  MLN  – What are the Main Priorities
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The total budget of Tbilisi Municipality will be 1 020 000 GEL in 2020. This is noted at the draft budget of 2020.
According to the draft budget, revenues amount to 979 569 GEL, which is 30 million GEL less comparing to the predicated revenue for 2019 (1 010 200.5 GEL).

According to the next year's draft budget, 675 million GEL from revenues of 979 million GEL are taxes, 100 million GEL is grant and 202 million GEL is other revenues.

Overall, the revenue is declined, but the city hall has more positive expectations in some sectors comparing to the previous year. Tbilisi City Hall expects to boost revenue in 2020 from tax increases. Revenues from taxes is projected to grow by $ 17 million in the 2020 budget.

For example, the City Hall expects that over 15 million more will inflow in the capital’s budget in 2020. If this year’s projected budget was 185 million GEL, the City Hall expects to mobilize 205 million GEL from the property tax i.e. 20 million GEL more.

As for the other revenues, the Tbilisi City Hall is also expecting to mobilize more money from construction permits in 2020 comparing to this year. The plan was 8.5 million USD for 2019, while the volume is increased up to 10 million USD in the next year.

The city government also expects millions of lari from the taxi license fee. This year's plan was 700,000 GEL. Tbilisi City Hall expects to receive more than 11 million GEL from fines and penalties. This article envisages mobilization of 40 million GEL. However, the city hall expects less than $ 4 million from the gambling business fee.