The Committee discussed the final versions of the Draft State Budget 2024 and the Main Data and Directions for 2024-2027 and the enclosed material, introduced by the First Deputy Finance Minister, Giorgi Kakauridze.
“The revised version has already been discussed at the plenary and now, it is a final version. I introduce the macroeconomic parameters – real economic growth is planned at 5.2% for 2024 and 5% for forthcoming years; the deflator index is 3% in 2024 and further; the average inflation index is 2.8%; the nominal GDP constitutes 86 bl. GEL, which is higher than in 2022; the mixed budget deficit is at 2.5%, and the state debt towards GDP is 38,0%”, - he stated, speaking about the challenges introduced to the Draft after the previous submission noting that the tax revenues to the mixed budget increase up to 110 ml GEL, though the increase in the state budget is 106,6 ml GEL.
Hence, the total mixed budget revenues for 2024 constitute 28 357 ml GEL, and the expenditures – 28 706 ml GEL. As for the total revenues to the state budget in 2024 – they are increased compared to the plan approved in 2023 by 2 398,5 ml GEL to constitute 24 569,5 ml GEL.
Compared to the second version, the state budget revenues are increased by 166,6 ml GEL, and the state budget assignments constitute 25 030,4 ml GEL, which compared to the 2023 plan, is higher with 2 719,1 ml GEL, and compared to the second version – with 165 ml GEL. 10 ml GEL out of the hereof extra sums is directed to the Reserve Fund of the Government, which in sum will constitute 90 ml GEL; 6 ml GEL is directed to the donor-funded national taxes (Tbilisi bus project); 450 k. GEL is directed to the transactional costs and other international commitments; 29,2 ml GEL shall be granted to the Health Ministry, where 15 ml GEL will be consumed on the IDP and migrant facilitation program; 14,2 ml GEL shall be consumed on public healthcare program (out of the target transfers); 3 ml GEL is directed to the IDPs Ministry.
The reporter also informed MPs about the assignments for other agencies, reflected in the final version. According to him, it is crucial that in line with the proposals and remarks expressed at the Committee and plenary sessions, the fund for the regional projects is increased by 130 ml GEL to constitute 580 ml GEL.
The Committee endorsed the document.
