At a joint session of the committees of the GD one-party parliament, First Deputy Minister of Finance Giorgi Kakauridze presented the draft state budget for 2026, which was supported. He noted that the budget was developed based on conservative macroeconomic assumptions and aims to maintain fiscal discipline.
Key macroeconomic parameters include 5% real economic growth (5.3% in the medium term), a 4% GDP deflator, a 2.5% budget deficit, and a nominal GDP of 110.5 billion GEL. The consolidated budget’s tax revenues are projected at 26.8 billion GEL, or 24.2% of GDP, while state debt is expected to remain within 35% of GDP. The expenditure side of the 2026 budget is set at 35.5 billion GEL.
Kakauridze emphasized that these indicators allow the government to fully fund existing programs and commitments. He also clarified that the presented budget is the initial version, and a final version incorporating parliamentary comments will be submitted by the end of the year.
During the session, the Deputy Minister also reviewed the mid-year implementation of the 2025 budget, covering current revenue and expenditure performance as well as trends in fiscal discipline, which were taken into account during committee discussions.
