The total revenues of Georgia’s consolidated budget for 2027 will amount to GEL 37.531 billion, which is GEL 1.526 billion more than the forecast figure for 2026.

The Ministry of Finance has released information on the key parameters of next year’s draft budget.

According to the ministry, under the initial version of the 2027 budget, the macroeconomic parameters for 2027–2030 have been planned based on relatively conservative forecasts, which are fully aligned with the forecasts of international financial institutions.

The forecast for real economic growth in 2027 is 5.0%, while in the following Year's it is expected to remain within the range of 5.2–5.3%.

Nominal GDP will increase by 8.9% in 2027 and reach GEL 126.4 billion. In subsequent years, average growth is forecast at 8.5%, with GDP exceeding GEL 161.0 billion by 2030.

GDP per capita is expected to exceed USD 12,000 by the end of 2027 and USD 15,000 by 2030.

Inflation is expected to follow a downward trend next year and return to its target rate of 3.0% by the end of the year. In subsequent years, the inflation forecast also remains within the target range.

The current account deficit is projected at 4.5% of GDP in 2027 and is expected to decline to 4.3% in subsequent years.

The budget deficit is planned at 2.5% of GDP in 2027, followed by a slight downward trend, reaching 2.2% in subsequent years.

Government debt is projected at 31.6% of GDP in 2027 and is expected to maintain a slight downward trend in subsequent years.

Tax revenues of the consolidated budget are planned at GEL 29.5 billion in 2027 and are expected to exceed GEL 41.0 billion by 2030.

The total revenues of the consolidated budget will amount to GEL 37.531 billion, which is GEL 1.526 billion more than the forecast figure for 2026.

More than 85% of total revenues will consist of income, which will exceed GEL 32.090 billion, GEL 1.754 billion more than the forecast volume for the current year.

Tax revenues for 2027 are set at GEL 29.520 billion, which is GEL 2.120 billion more than the forecast figure for the current year and GEL 2.480 billion more than the initial planned figure.

During the following year, refunds of overpaid taxes totaling more than GEL 3.2 billion are forecast.

The expenditure side of the 2027 budget is planned at GEL 37.562 billion, GEL 1.928 billion more than the forecast volume for the current year.

Of the total 2027 budget expenditures, GEL 25.424 billion will be allocated to financing current expenditures, excluding interest expenses, which is GEL 2.034 billion more than the forecast volume for 2026.

According to the Ministry of Finance, expenditures will increase mainly in the following areas:

Healthcare and social expenditures will increase by GEL 830 million, including:

Expenditure on pensions will increase by GEL 555 million. Specifically, in accordance with the existing indexation formula, pensions for people aged 70 and over will increase by GEL 60 to GEL 555, exceeding GEL 665 in high-mountain settlements. Pensions for beneficiaries under 70 will increase by GEL 20 to GEL 390, reaching GEL 468 in high-mountain settlements.

Social payments for persons with disabilities will increase in line with indexation, with an additional GEL 60 million allocated for this purpose.

Funding for healthcare programs will increase by more than GEL 127 million, including salary increases for emergency medical personnel and rural doctors and nurses.

Funding for the Social Rehabilitation and Child Care Program will increase by more than GEL 26 million.

Funding for the funded pension scheme will increase by GEL 60 million.

Education expenditures will increase by GEL 400 million. This includes salary increases for public school teachers, their administrative staff, and kindergarten employees. Funding is also provided for free tuition at state universities as part of the higher education reform.

In accordance with Georgian legislation, based on wage increases in the private sector over the past four quarters, basic official salaries in the public sector will increase by 8.4%. As a result, the labor remuneration fund will increase by GEL 395 million.

Funding for environmental protection and agriculture programs will increase by GEL 90 million.

Funding for sports federations will increase by GEL 50 million.

Funding for all other state programs and municipal services will increase by GEL 269 million.

More than GEL 8.431 billion will be allocated from the 2027 consolidated budget to finance capital expenditures, which is almost GEL 1 billion more than the forecast figure for the current year.

This amount includes:

More than GEL 2.7 billion for improving municipal infrastructure;

Up to GEL 1.332 billion for improving road infrastructure, including GEL 723 million for the construction of highways;

GEL 800 million for capital expenditures in the education sector;

GEL 432 million for water supply and wastewater projects;

GEL 404 million for improving energy infrastructure, including the construction of energy storage facilities and the resumption of gasification works in the regions;

GEL 310 million for the construction and rehabilitation of sports infrastructure;

GEL 172 million for the development of tourism infrastructure;

GEL 268 million for projects to accommodate internally displaced persons and migrants;

GEL 142.5 million for improving healthcare infrastructure;

GEL 145 million for projects to modernize irrigation systems;

GEL 106.4 million for solid waste management projects;

GEL 701 million in planned capital expenditures for the police, state security, and defense sectors;

GEL 250 million to increase the capacity of the Georgian railway;

GEL 125 million for the Tbilisi Metro modernization project;

GEL 125 million for the construction of the Anaklia Port;

GEL 107 million for the construction of fiber-optic networks as part of the village internetization project;

GEL 60 million to complete construction of a new runway at Kutaisi Airport;

GEL 267 million in total for all other capital expenditures.

The initial version of the 2027 budget will continue to be discussed in Parliament in accordance with the budget process, and proposals and opinions expressed during the process will be incorporated. Parliament will approve the 2027 state budget in December.