BAKU, Azerbaijan, Oct. 25
By Maryana Akhmedova – Trend:
Georgia’s budget deficit increased by 279 million Georgian lari ($89.1 million) in September 2021 amounting to 2.56 billion Georgian lari ($817.5 million) over first 9 months of 2021, Trend reports via Georgian media.
According to Georgian Parliamentary Budget Office, this is the highest budget deficit indicator in 9 months over the last 10 years. So far, the highest budget deficit amounted to 2.53 billion Georgian lari ($808.3 million) from January through September 2020.
Meanwhile, the deficit has also been recorded in the operating budget. In particular, the budget received 8.9 billion Georgian lari ($2.8 billion) in revenues from January through September 2021, while expenditures amounted to 9.9 billion Georgian lari ($3.1 billion) over the same period.
The main reason for the increase in the budget deficit is the COVID-19 pandemic and the economic crisis that has arisen from it, due to which the expenditure part of the budget has increased, Georgian Parliamentary Budget Office said.
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