The Treasury of the Ministry of Finance published a tax performance report for January-February 2025, which shows that the amount mobilized in the budget amounted to USD 3.9 billion, which was 9.5%, or 337 million GEL more than in the same period of the previous year. According to the budget report, GEL 3.46 billion went to the central budget, while the amount mobilized in the budgets of local governments made up GEL 437 million.
In addition, the dynamics have changed. If in January VAT revenue decreased by 0.8% and amounted to GEL 806 million, the total figure for January-February has already increased. The statistics of tax revenues of the consolidated budget are distributed as follows:
VAT - 1.58 billion GEL, annual growth of 5.4%;
Income tax - 1.37 billion GEL, annual growth of 15%;
Profit tax - 397 million GEL, annual growth of 12.2%;
Excise tax - 258 million GEL, annual decrease of 22.5%.
The decrease in the amount of money received from excise tax in the budget is likely related to the increase in excise duty on tobacco products, so tobacco importing companies made large stocks for several months before January 1 in order to temporarily insure themselves against the increase in excise duty.
