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Budget received revenue of 976 mln GEL from VAT

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Natia Taktakishvili
22.03.21 11:30
358
The budget performance report of Q1, 2021 was published.

According to the document, the state budget received revenue of 975.4 million GEL from VAT in January-March, which is 98% of the budget plan.

Moreover, in the first three months of this year, the budget received 779.5 million GEL from income tax, which is 98% of the first quarter plan. The amount of profit tax amounted to 430 million GEL, which was 94.5% of the plan. Excise revenue amounted to 306.7 million USD, or 137% of the first quarter plan.

In total, 2.66 billion GEL was accumulated from the taxes in the budget, which is 100.3% of the determined budget plan.

For compression, the budget received 120 million GEL more revenue from taxes in Q 1, 2020 compared to the same period of 2021.

The 2021 budget is planned with a 4.3% economic growth.

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