Georgia reduces financing of Public Broadcaster

Georgian Deputy Minister for Finances David Ebralidze said at the parliamentary committee for education and science that financing of the Georgian Public Broadcaster will be reduced by about $10.5 million, News Georgia reports.

Ebralidze said that the reduction was due to the principle of financing the Public Broadcaster basing on the GDP level. The organization gets at least 0.12% of the country’s GDP.

The Public Broadcaster has a budget of about $30 million this year. According to the budget project of 2013, the organization will receive $18.5 million.