Oil sales contributing more to state budget
By M. Alkhazashvili
(Translated by Diana Dundua)
(Translated by Diana Dundua)
Wednesday, March 19
Taxes on oil contributed around GEL 380 million to the state budget last year, up from around GEL 100–120 million five years ago, according to Giorgi Kotrikadze, Executive Director of the Association of Oil Importers and Distributors.
He said the increased revenue is due mainly to the decrease of the oil black market, the newspaper 24 Saati reports.
“The situation has radically changed in Georgia’s oil market. Currently there is no unregistered oil on the market which demonstrates the success of the fight against smuggling,” the newspaper Akhali Taoba quotes Vano Mtvralashvili, chairman of the Union of Oil Products Enterprisers, Importers and Customers of Georgia, as saying.
He said the increased revenue is due mainly to the decrease of the oil black market, the newspaper 24 Saati reports.
“The situation has radically changed in Georgia’s oil market. Currently there is no unregistered oil on the market which demonstrates the success of the fight against smuggling,” the newspaper Akhali Taoba quotes Vano Mtvralashvili, chairman of the Union of Oil Products Enterprisers, Importers and Customers of Georgia, as saying.