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First Quarter Recorded 100.5% Fulfillment of Budget Revenues

According to the State Treasury, in the first quarter of 2019 (January-March) tax revenues of Georgia’s consolidated budget (state and municipal budgets) constituted 2.6 billion GEL, up 0.5% as compared to the planned indicator of the same quarter.

The budget revenues exceeded the plan by 14 million GEL. As compared to the first quarter of 2018, tax revenues increased by 6%, up 142 million GEL year on year.

Excessive mobilization of tax revenues and other taxes ensured a 95% fulfillment of VAT and excise tax.

The state budget has mobilized 2.3 billion GEL tax revenues, which is 100.8% of the 1Q19 plan.

Chart: tax revenues of Georgia’s consolidated budget.

Million of GEL 1st Quarter 2nd Quarter Fulfillment
Total Tax Incomes 2578 2592 100.5%
Value Added Tax 1146 1092 95.3%
Tax Income 816 817 100.1%
Profits Tax 248 279 112.5%
Excise 300 285 95.0%
Imports Tax 21 16 76.2%
Other Taxes 47 102 217.0%