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About he draft budget 2012

By Messenger Staff
Friday, October 21
2012 draft budget envisages growth of revenues by 4.7% and it comes to more than GEL 6.6 bln. The increase of the budget mostly comes at the expense of increase of taxation revenues. These are VAT, revenue tax, import tax and so on. All these taxes are proportional to the increase of prices in the country. So the current inflation and increase of prices on commodities automatically inrease taxes and that increase budget revenues.