(Tbilisi, August 15, 2003, Civil Georgia) – Parliament failed today to start discussion of the amendments to the 2003 budget because not enough MPs were present to make up a quorum.
The International Monetary Fund has recommended the amendments, which are aimed at closing the fiscal gap. The draft, developed by the Finance Ministry, considers cutting expenditures by 86 million Lari (USD 40.3 million) and increasing revenues by 45 million Lari (USD 21.1 million).
If Georgia fails to revise the 2003 budget, it will be impossible for the Georgian government to reschedule Georgia’s debts with !
the Paris Club, as the country will be deprived of the IMF’s support.
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