Revenues in the 2026 budget are increasing by GEL 1,136.7 million, reaching GEL 30,858.0 million

Revenues in the 2026 budget are increasing by GEL 1,136.7 million, reaching GEL 30,858.0 million.

According to the budget amendments submitted to Parliament by the Government, the updated macroeconomic projections are as follows:

• Real GDP growth forecast: 6.8%;

• GDP deflator: 3.9%;

• Average inflation rate: 5.2%;

• Nominal GDP: GEL 116,067.5 million;

• Consolidated budget tax revenues: GEL 25,850.0 million;

• Consolidated budget deficit: 1.3% of GDP;

• Government debt: 34.2% of GDP.

The planned revenue figure for the consolidated budget (initially approved plan) is increasing by GEL 1,136.7 million to GEL 30,858.0 million, including:

- Tax revenues are increasing by a total of GEL 810.0 million to GEL 27,850.0 million. Of this amount, the state budget's share will be GEL 23,890.0 million (an increase of GEL 690.0 million), while the share of the budgets of autonomous republics and municipalities will amount to GEL 3,960.0 million (an increase of GEL 120.0 million).

- Grants and other revenues will total GEL 3,008.0 million, representing an increase of GEL 326.7 million.

- Proceeds from the decrease in non-financial assets (privatisation) are increasing by GEL 130.0 million to GEL 480.0 million.

- Proceeds from the decrease in financial assets (loan repayments) will amount to GEL 450.0 million.

- Borrowing and other increases in liabilities will amount to GEL 4,285.9 million, a decrease of GEL 777.2 million.

Taking these changes into account, total receipts of the consolidated budget are increasing by GEL 437.5 million to GEL 35,993.0 million.

According to the draft submitted to Parliament, total receipts of the 2026 state budget are increasing by GEL 79.8 million to GEL 30,839.1 million, including:

Revenues are increasing by GEL 877.0 million compared with the approved plan, reaching GEL 25,873.3 million.

The planned amount of tax revenues is increasing by GEL 690.0 million to GEL 23,890.0 million, including:

• Personal income tax: The projected figure is GEL 8,290.0 million, an increase of GEL 69.0 million.

• Corporate profit tax: The forecast is increasing by GEL 270.0 million to GEL 3,470.0 million.

• Value-added tax (VAT): The forecast is set at GEL 8,136.0 million, GEL 256.0 million higher than the existing plan.

• Excise tax: The forecast is set at GEL 2,785.0 million, an increase of GEL 85.0 million.

• Import duty: The revised target is set at GEL 160.0 million, an increase of GEL 10.0 million.

• Other taxes: The planned figure remains unchanged at GEL 185.0 million.

The forecast for other revenues is increasing by GEL 230.0 million to GEL 1,680.0 million. According to the Ministry of Finance, this increase is mainly attributable to funds actually received from the National Bank's 2025 profit.

Planned grant revenues have been reduced by GEL 43.0 million, due to a decrease in investment grants, and are now set at GEL 303.3 million.

The planned proceeds from the decrease in non-financial assets (privatisation) have increased by GEL 30.0 million to GEL 230.0 million.

Proceeds from the decrease in financial assets (loan repayments) have been reduced by GEL 50.0 million to GEL 450.0 million.

Funds to be received through increases in liabilities are set at GEL 4,285.9 million, including:

• The net issuance of domestic securities remains unchanged at GEL 1,800.0 million.

• The investment loan forecast has been reduced by GEL 367.2 million, taking into account the projected disbursement level by the end of the year, and now stands at GEL 905.9 million.

• The amount of loans to be received as budget support has been reduced by GEL 410.0 million to GEL 1,580.0 million, including GEL 1,332.0 million in Eurobonds.