The Georgian Dream government expected to receive GEL 600 million in budget support credits from international partners in 2025, yet only GEL 74 million has been transferred to the state budget in the first eight months of the year.
According to the Ministry of Finance’s 8-month budget execution report, this amounts to just 12.4% of the annual plan and 24.7% of the 9-month target (GEL 300 million).
Budget support credits are a component of the GEL 1.82 billion in external borrowing the government planned for this year. The structure of the debt includes both long-term preferential investment credits and budget support credits.
While budget support inflows lag far behind expectations, the performance of long-term preferential credits has been stronger. Out of the planned GEL 1.23 billion, the state budget has already received GEL 472 million in the first eight months — 57.6% of the 9-month plan.
