OREANDA-NEWS. November 29, 2007. New changes are expected in the State Budget Law 2007 of Georgia, Georgian Ministry of Finance reports.  According to a draft law, which has been already submitted to the Parliament, State Budget revenues and grants forecast parameter amounts to 5 098.9 million GEL; which exceeds the previously approved parameter by 3.3 million GEL.
 
New changes are expected in State Budget Law 2007. According to the draft-law, which has been already submitted to the Parliament, State Budget revenues and grants forecast parameter amounts to 5 098.9 million GEL; which exceeds the previously approved parameter by 3.3 million GEL.

Unchanged stays State Budget total parameter and equals to 5 469 861.0 thousand GEL. Tax revenues of State Budget 2007  stays the same and equals to 3 676,1 million GEL;

 Non-Tax revenues of State Budget 2007 will be equal to 655.5 million GEL, which exceeds the forecast parameter by 7.0 million GEL;

Capital Incomes of State Budget 2007 stays the same and equals to 540.0 million GEL;

State Budget grants is reduced by 3.7  million GEL and amounts to 227.4 million GEL;

Amount of financing the budget deficit will be reduced by 3.3 million GEL and equals 370.9 million GEL.


According to the mentioned project, the influence on the budget's expenditure part is as follows:

- Financing of Central Election Commission is increasing, regarding the pre term presidentla elections.

- Appropriation of the Ministry of Finance in the part of foreign debt service is reduced by 7 525.3 thousand GEL, which is caused by economy in the sums to be paid to the creditors.

Considering investment credits and grants to be transferred during the year, investment projects to be financed with foreign sources and grants at different ministries and spending agencies have been corrected (co-financing is reduced by 6 600.7 thousand GEL, and financing – by 13 121.2 thousand GEL).