Gov’t Increases Financing of Defense Ministry by GEL 80 mln | Georgia Business Finder
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Gov’t Increases Financing of Defense Ministry by GEL 80 mln

Gov’t Increases Financing of Defense Ministry by GEL 80 mln
Business News

In 2019, the financing of the Ministry of Defense of Georgia will increase by GEL 80 million ($29.58m) and in total amount to GEL 870 million ($321,686m).

The information was released by the Finance Minister of Georgia, Ivane Machavariani, while presenting the draft budget 2019 to the parliamentarians.

Machavariani says that according to NATO standards, a country must spend 2% of the GDP on defense.

In addition, the Ministry of Internal Affairs (MIA), it will get GEL 644 million ($238,121m). Compared to the previous draft budget, the ministry will get GEL 500,000 ($184.877) more this time.

As for the funding of the State Security Service (SSS) GEL 136 million ($50,286,559) will be allocated from next year’s budget, out of which 6 million GEL ($2.218,524) is provided for the growth of salaries of low-level employees and also for partial financing of the establishment of a real-time defining system of the operational-technical agency.

The Emergency Situations Management Service will receive GEL 87.6 million ($32.39 m) from the budget, including 5.5 million ($2.03 m) GEL for the increase in salaries of firefighters and rescuers.

The minister told the MPs that the next year’s budget was planned by the government on 4.5% economic growth.

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