2004–2025 · Updated 17 October 2026
How Georgia’s budget is financed
2025: Total32.4 bn GEL+8.8%year on year
- Total receipts, 2025: 32.37 bn
Data: reviewed official budget documents (Ministry of Finance of Georgia). Receipts cover the consolidated budget; expenditure covers the state budget. Their difference is not the deficit. Receipts data: 2004–2025 · Actual execution for the full 12 months. The increase in liabilities for 2004 is unavailable and is excluded from the 2004 total. GDP: Geostat, at current prices. GDP for 2025 is preliminary. Last updated: 17 October 2026.
Key indicators
Selected period: 2004–2025
Change over the period
+1,317.8%
2004 · 2.3 bn GEL
2025 · 32.4 bn GEL
Over 2004–2025, total receipts increased by 30.1 bn GEL — average annual growth of +13.5%.
Largest increase
+9.5bn GEL
VAT
Slowest growth
−1.9%
Grants
Largest share of GDP
9.7%
VAT, 2025
Fastest growth
Slowest growth
Period comparison
| Budget item | 2004 | Change | 2025 |
|---|---|---|---|
| Total receipts | 2.28 | +30.09 | 32.37 |
| VAT | 0.63 | +9.53 | 10.16 |
| Income tax | 0.27 | +7.99 | 8.26 |
| Increase in liabilities | — | — | 3.10 |
| Profit tax | 0.16 | +2.72 | 2.88 |
| Excise tax | 0.16 | +2.56 | 2.73 |
| Other revenue | 0.27 | +2.37 | 2.65 |
| Decrease in financial and non-financial assets | 0.07 | +0.89 | 0.96 |
| Property tax | 0.03 | +0.77 | 0.80 |
| Other taxes | 0.46 | +0.10 | 0.56 |
| Import tax | 0.10 | +0.05 | 0.15 |
| Grants | 0.12 | −<0.01 | 0.12 |