By the government’s decision, the pension of pensioners under the age of 70 will increase from 1 January by 45 lari instead of 20 lari and will amount to 415 lari
By the government’s decision, the pension of pensioners under the age of 70 will amount to 415 lari from 1 January.
The corresponding statement was made by Prime Minister Irakli Kobakhidze at a briefing held at the Government Administration.
“We would like to share with the public information about two important decisions related to social issues: we have taken the decision to increase the pension intended for pensioners under the age of 70 by 45 lari instead of the 20 lari provided for by the indexation rule. Accordingly, the pension of a pensioner under the age of 70, except for pensioners living in high-mountain settlements, will amount to 415 lari from 1 January.
This change will lead to an increase in the expenditures allocated for pensions in the state budget by an additional 128 million lari. I would like to remind you that the share of social expenditures in the state budget exceeds 33 percent. In 2026 more than 5 billion lari was allocated for age pensions, and 540 million lari for the co-financing of the accumulative pension scheme. For comparison, in 2012 only 1 billion 65 million lari was allocated for pensions.
I will once again note that one third of the state budget is allocated for social expenditures. This means that social expenditures are already at the limit of the permissible norm and the recommendations of international financial institutions. Crossing this limit would significantly slow down economic growth and contribute to inflationary processes, which would also directly affect the effectiveness of social expenditures. Increasing social expenditures above the limit would reduce the quality of fiscal consolidation, which would also have a negative impact on Georgia’s financing by international financial institutions.
At the same time, within the framework of the permissible norm, in the coming years we will also try as much as possible to increase the pension of pensioners under the age of 70 beyond the indexation rule,” the Prime Minister stated.
