New Rights Demand Government’s Resignation for Failed Budget

(Tbilisi, July 9, 2003, Civil Georgia) – The opposition New Rights party will vote against cutting of the budgetary expenditures, as required by the International Monetary Fund (IMF).

“The government is responsible for the budgetary shortfall and the government should assume the responsibility,” MP Davit Koguashvili of the New Rights said at the news briefing today. 

Besides cutting of the budgetary expenditures by 95 million Lari (USD 44 million), the IMF also recommends to add pension and state-sector wages backlog for 1998-2000 to the country’s domestic debt; to increase electricity tax and adopt a new tax code.

The New Rights party is also against increasing the electricity tax.

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