The 2024 state budget project anticipates government tax revenue of 18.3 billion GEL, representing a 1.6 billion GEL increase compared to the 2023 forecast.
In more detail, the tax revenue breakdown for 2024 is as follows:
– Income tax: 6.2 billion GEL (682.6 million GEL more than the 2023 forecast)
– Profit tax: 2.1 billion GEL (63 million GEL more than the 2023 plan)
– Value added tax (VAT): 7.4 billion GEL (584.3 million GEL more than the 2023 forecast)
– Excise tax: 2.4 billion GEL (145.1 million GEL more than the 2023 forecast)
– Import tax: 161.2 million GEL (11.2 million GEL more than the 2023 forecast)
The privatization income forecast remains at 350 million GEL, consistent with 2023. The total combined budget for 2024 is expected to be 27.8 billion GEL.
By Mariam Gorkhelashvili
