On December 10, Parliament will review and vote on the final version of the 2026 state budget. The financial document will be presented at the session by the Minister of Finance, Lasha Khutsishvili.
According to the draft 2026 budget, real economic growth is planned at 5.0%, while the medium-term forecast for real economic growth is 5.3%. The GDP deflator forecast is 4.1%, and in the following years this figure is projected to be 3.0%. The average inflation forecast is 3.3%, remaining within the medium-term target of 3%. Nominal GDP is projected to reach 114.1 billion GEL, and by 2029 nominal GDP is forecast to grow to 145.5 billion GEL.
Consolidated budget tax revenues amount to 27.4 billion GEL, which is 240 million GEL more than in the previous version of the project. The budget deficit remains at 2.5% of GDP, while government debt is expected to decrease to 33.5% of GDP.
Based on these indicators, total expenditures of the consolidated budget for 2026 will amount to 36.3 billion GEL.
Tax revenue projections for 2026 by category:
Income tax: 9,050.0 million GEL
State budget share: 8,221.0 million GEL (increased by 51.0 million GEL)
Autonomous republics: 829.0 million GEL (increased by 29.0 million GEL)
Profit tax: 3,200.0 million GEL (increased by 50.0 million GEL)
Value-added tax (VAT): 10,930.0 million GEL
State budget: 8,744.0 million GEL (increased by 64.0 million GEL)
Municipalities: 2,186.0 million GEL (increased by 16.0 million GEL)
Excise tax: unchanged at 2,700.0 million GEL
Import tax: unchanged at 150.0 million GEL
Property tax: 825.0 million GEL (increased by 25.0 million GEL)
Other taxes: 185.0 million GEL
There are several changes in both the revenue and expenditure sides of the state budget. Total state budget revenues for 2026 have increased by 468.6 million GEL, reaching 30,759.4 million GEL, while state budget appropriations have increased by 405.5 million GEL, reaching 30,881.4 million GEL.
According to the budget draft:
Funding for the Ministry of IDPs, Labor, Health, and Social Affairs increases by 47.9 million GEL, totaling 9,668.6 million GEL.
Funding for the Ministry of Education, Science, and Youth is 2,702.2 million GEL, which is 89.6 million GEL more than in the previous draft.
Funding for the Ministry of Culture increases by 42.3 million GEL to a total of 364.8 million GEL.
The Ministry of Sport receives an additional 29.9 million GEL, reaching 325.3 million GEL.
The Ministry of Infrastructure receives an increase of 16.8 million GEL, totaling 3,113.7 million GEL.
