Today: Friday, 19 July 2024 year

Georgia’s 2024 defense budget will increase by $36 million.

Georgia’s 2024 defense budget will increase by $36 million.

The Georgian government will increase the 2024 budget of the Ministry of Defense by 100 million lari (about $36.3 million). This was stated by Prime Minister of Georgia Irakli Kobakhidze at a government meeting.

“We had high economic growth in the first two quarters, as well as a high rate of fiscal consolidation. This gave us the opportunity to increase the budget. This year’s budget will be increased by a total of 519 million lari (about $188.7 million). We have already discussed the expected distribution this amount,” the prime minister said.

According to him, the budget of the Ministry of Health will be increased by 115 million lari (about $41.8 million), by 100 million (about $36.3 million) – by the Ministry of Defense, by 80 million (about $29 million) – by the Ministry of Education, by 33 million (about $12 million) – the Ministry of Culture and Sports, 10 million lari (about $3.6 million) will be allocated to the Ministry of Internal Affairs and the Ministry of Infrastructure, 6 million (about $2.1 million) – the Ministry of Foreign Affairs, 3 million (about $1 million) – the Central Election Commission, 60 million ( about $21.8 million) – to eliminate the consequences of natural disasters and the budget of municipalities will be replenished by 102 million (about $37 million).

According to the approved state budget for 2024, funding for the Georgian Ministry of Defense amounts to 1.38 billion lari (about $501 million), which is 110 million lari ($40 million) more than in 2023.