At a joint committee session in Georgia’s one-party parliament, First Deputy Finance Minister Giorgi Kakauridze presented the draft state budget for 2026, pointing out its focus on fiscal discipline and conservative macroeconomic planning.
Kakauridze stated that the document projects 5% real GDP growth next year, rising to 5.3% in the medium term, with a 4% GDP deflator and a 2.5% budget deficit. Georgia’s nominal GDP is expected to reach 110.5 billion GEL, while tax revenues are projected at 26.8 billion GEL, equivalent to 24.2% of GDP.
The total expenditure for 2026 is set at 35.5 billion GEL, with state debt remaining below 35% of GDP. The Deputy Minister said that these figures will allow the government to meet all ongoing financial commitments and fund current programs without compromising stability.
Kakauridze added that the version presented to the parliament is preliminary and will be finalized later this year after incorporating parliamentary recommendations.
He also reviewed the mid-year execution of the 2025 budget, emphasizing stable revenue performance and consistent adherence to fiscal discipline, which guided the formation of next year’s budget framework.
