Georgia’s GDP per capita is expected to exceed $12,000 by the end of 2027 and reach more than $15,000 by 2030, Finance Minister Lasha Khutsishvili said while presenting the revised draft of the 2027 state budget to Parliament’s plenary session.
According to the minister, the revised budget incorporates recommendations made by parliamentary committees and factions following their review of the initial draft. The updated version also provides for increased funding for several social programmes and government agencies. Georgia’s real economic growth is forecast at 5% in 2027, while nominal GDP is projected to grow by 8.9% to GEL 126.4 billion.
Khutsishvili said inflation is expected to decline and return to the target level of 3% by the end of 2027. The budget deficit is projected at 2.5% of GDP, while government debt is forecast at 31.6%, with a gradual downward trend expected in subsequent years.
Under the revised draft, tax revenues are set at GEL 29.875 billion, GEL 355 million higher than in the initial version. Consolidated budget revenues are projected at GEL 38.363 billion, while total expenditure is planned at GEL 38.243 billion. Healthcare and social spending will increase by more than GEL 1 billion, including an additional GEL 685 million for pension payments in line with the statutory pension indexation mechanism.
