The draft budget for the next year, which has already been submitted to the Parliament, envisages an increase in pensions from January 1 next year.

In total, GEL 2.6 million (increased by GEL 370 million) is directed to the pension provision, which is caused by the introduction of the rule of indexation of state pension growth.

Thus, from January 1, 2021, the pension for pensioners under 70 years of age will be increased by GEL 20 and the pension will be set at GEL 240, and for pensioners aged 70 or over the pension will be increased by GEL 25 and will be set at GEL 275.