Georgia’s 2026 tax revenue target has been increased by GEL 690 million to GEL 23.9 billion, according to amendments to the state budget currently being discussed in parliamentary committees. The government attributes the increase to stronger-than-expected economic growth, which has resulted in higher tax revenues.
The largest upward revision concerns profit tax, with the target increased by GEL 270 million. The VAT revenue forecast has been raised by GEL 256 million, while excise tax revenues are expected to increase by GEL 85 million. The higher excise revenue is mainly linked to the significant increase in vehicle import duties introduced in April 2026.
In addition, the government plans to collect GEL 230 million more in non-tax revenues, bringing the total to GEL 1.7 billion. This includes an additional GEL 121 million in projected profits from the National Bank of Georgia, bringing its contribution to GEL 571 million, as well as GEL 50 million more from fines, reaching GEL 250 million. Interest income from government bank deposits is also expected to rise by GEL 10 million to GEL 330 million.
