State budget revenues from fuel excise tax made up GEL 541.6 million.
According to the Transport Corridor Research Center, state budget revenues from the fuel excise have increased 3.4 folds in the 11 years. In 2012, GEL 160.6 million was received from fuel excise.
The increase was due to legislative changes. Before switching to the Estonian model in 2016, the contribution to the budget from fuel excise was GEL 216.1 million. After the implementation of the Estonian model, state budget revenues from fuel excise increased 2.5 folds.
The Transport Corridor Research Center talks about the importance of adjusting the excise margin and notes: "when state budget revenues from fuel excise has an increasing trend every year (it makes up 4% of the daily budget), why can't the margin of fuel excise be flexible. Fuel excise can be determined at 3% of the budget and adjust the excise margin accordingly, like the consolidated budget deficit is capped at 3.0% target. So, the cost of fuel will be reduced and the budget will have a stable income from the fuel excise," - said the Transport Corridor Research Center.
