Georgia’s Ministry of Finance has submitted an updated draft of the 2027 state budget to Parliament, increasing the projected tax revenue target by GEL 360 million compared to the previous version, bringing it to GEL 25.61 billion.
The largest increases, GEL 100 million each, have been made to projected revenues from value-added tax (VAT), excise tax and corporate profit tax. The income tax forecast has been raised by GEL 20 million, import tax by GEL 10 million and other taxes by GEL 30 million.
Under the revised draft, VAT revenue is projected at GEL 9.78 billion, income tax at GEL 9.02 billion, profit tax at GEL 3.65 billion and excise revenue at GEL 2.8 billion. Import tax is expected to generate GEL 160 million, while other taxes are forecast at GEL 200 million.
The updated budget draft also increases overall planned expenditure, with the total budget reportedly rising by GEL 642 million compared to the previous submission.
