BAKU, Azerbaijan, Dec. 16
By Maryana Akhmedova – Trend
Georgia will spend 9.1 percent of the country’s GDP on financing infrastructure projects in 2022, the Minister of Finance of Georgia Lasha Khutsishvili said during a review of the final version of the 2022 draft budget, Trend reports via Georgian media.
According to the minister, the funding for infrastructure projects in Georgia over recent years has always been higher than 8 percent of the GDP, Khutsishvili noted.
Thus, according to the report published by Georgia will spend 5.8 billion Georgian lari ($1.8 billion) on infrastructure development in 2022, of which 2.1 billion Georgian lari ($679.6 million) is provided for the construction and rehabilitation of municipal infrastructure.
Some 853 million Georgian lari ($276 million) is allocated for road infrastructure, including 187 million Georgian lari ($60.5 million) for the construction of the highway.
The funding for the construction and rehabilitation of water supply and sewerage systems in Georgia in 2022 amounted to 415 million Georgian lari ($134.3 million).
Of the total amount, 305 million Georgian lari ($98.7 million) is allocated for educational infrastructure, while 270 million Georgian lari ($87.3 million) – for the development of mountain resorts.
A total of 150 million Georgian lari ($48.5 million) will be spent on energy infrastructure, including 70 million Georgian lari ($22.6 million) for gasification works.
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