Monday, April 27, 2015

A Tale of Two Parliaments

Georgian lawmakers waste millions because they can’t even agree on where to meet.

The Republic of Georgia is not a rich country, so it is hard to fathom why it has spent more than US$ 250 million over the past six years to run two separate Parliament buildings in two cities 200 kilometers apart.

The entire annual budget is only about US$ 4.5 billion but things are getting worse. The recent conflict between Ukraine and Russia (two major trading partners) has stifled trade and Georgia already imports three times as much as it exports. The average monthly salary is only about US$ 445—or at least it was before the Georgian currency, the lari, lost 22 percent of its value against the dollar.

Armenian News

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