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Georgia to further cut defense expenditure
Last Updated(Beijing Time):2010-10-09 07:13
The government of Georgia on Friday presented its draft budget for 2011 to the country's parliament for debate and approval, which has cut further into the defense expenditure while increasing spendings on social and regional development, energy and agriculture.

Georgian lawmakers will debate before approving the budget in December.

The budget draft expected to generate a revenue of 5.9 billion laris (3.27 billion U.S. dollars), 500 million laris (277 million dollars) more than last year.

The ministry of labor, healthcare and social protection is expected to get 1.6 billion laris (888 million dollars) while the ministry of defense get 660 million laris (366 million dollars), 84 million laris (46.6 million dollars) less than last year. In 2008, Georgia spent 1.547 billion laris (859 million dollars) on military expenditure.

Other ministries getting a big share of the budget included those for regional development and education.

The ministry for regional development and infrastructure will get 971 million laris (539 million dollars) while the ministry of education and science will get 554 million laris (307 million dollars).

Source:Xinhuanet 
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