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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 …

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Healthcare and Social Direction Costs Increased by 50 Million

The budget of the capital city of 2019, ecological, healthcare and social direction expenses have increased significantly, – Tbilisi Mayor Kakha Kaladze said at today’s sitting of the municipality government. Kakha Kaladze talked about the future budget of the capital city, which was sent to Tbilisi City Assembly last week …

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What to Expect from 2018 State Budget

Infrastructure, Education and Healthcare as Priorities of the 2018 State Budget. Total revenues of the 2018 state budget are planned at 12.4 billion GEL, including: tax revenues – 9.490 billion GEL (23.5% of GDP); the remaining part of revenues will be mobilized from other resources. This signifies 23 Tetri from …

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Georgian Agriculture Sector in Review


  The Caucasus Business Week (CBW) has inquired how efficiently state programs were implemented in 2017 and how successfully the agriculture sector was developed in 2017. According to the state budget, 11 state programs have been financed by 628 892 000 GEL since 2013. The state budget has financed the …

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Georgia’s 2018 Budget Appropriately Targets Further Fiscal Consolidation

The 2018 budget appropriately targets further fiscal consolidation, IMF reports. The 2018 budget envisages a further decline in the deficit while allowing for an increase in capital spending. To achieve this, efforts to strengthen revenue administration should continue, especially to prevent the buildup of VAT claims. The authorities should also …

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2018 State Budget Allocations for Ministries

Ministry of Finance of Georgia published the 2018 state budget bill, under which total budget expenditures will rise by 949mln GEL as compared to 2017. Major growth in budget funding is provided for Ministry of Regional Development and Infrastructure – 572mln GEL. The funds will be mainly spent on road …

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Ajara Budget Plan Fulfilled by 54.2% Surplus

Ajara Autonomous Republic has fulfilled the budget plan by 54.2% surplus, while the consolidated budget plan was fulfilled by 40.6% surplus. According to information of Ministry of Finance and Economy of Ajara, the January-August budget plan was 119.467 GEL, but the real fulfillment constituted 184.271mln GEL ( 154.2%). According to …

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Budget Organizations Spend 34.6mln GEL on Official Business Trips in 1H17

In the first half of 2017 budget organizations spent 34.6mln GEL on official business trips, including the Parliament spent 1.2mln GEL, the President’s administration – 401 636 GEL, Government’s office – 1.4mln GEL. In January-June period Ministry of Finance spent 90 792 GEL on official business trips, Ministry of Economy …

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Tourism Revenues Exceed Two Billion USD

Fitch georgia

The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today’s Government meeting. According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited …

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Georgia Receives Financial Aid From Asian Development Bank

After ratification of signed agreement between Georgian Parliament and Asian Development Bank, Ministry of Finance of Georgia received financial aid totaling 98,7 million USD. According to Deputy Minister and head of Fiscal department, Tsotne Kavelashvili, aid which is 255 million GEL, will be converted into national currency, at the end …

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