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We Know Approximately Where to Free Up Funds for Electricity Subsidies – Minister

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BM.GE
29.12.20 19:00
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The increase in electricity tariffs was fully expected, - the Minister of Finance, Ivane Machavariani, said in Parliament.
 
He responded to today's decision of the GNERC, according to which the electricity tariff for "Energo Pro" and "Telasi" customers has increased.
 
According to the government's decision, the government will subsidize the increased tariffs for both citizens and some enterprises next year.
 
"The tariff increase was expected, it is entirely the prerogative of the GNERC, but we knew approximately what it would be. Unfortunately, this is a pressure that has accumulated over the years and burned us out all at once, which is quite difficult. We have an outline. We have made preliminary calculations on how we can alleviate the burden on the population on the one hand and the part of the business that is in the food industry on the other hand. We also want to avoid inflationary pressures, "Vano Machavariani said.
 
According to the Minister of Finance, the government already has an approximate outline of where the funds for subsidies should be released and the issue is expected to be reflected in the 2021 budget.