The Georgian Government has submitted a revised version of the 2025 state budget to Parliament alongside the 2026 draft budget, introducing adjustments to next year’s projected tax revenues. Under the updated plan, total tax income is expected to reach GEL 21.94 billion, an increase of GEL 55 million compared to the originally approved forecast.
Most of the upward revision comes from higher expectations for income tax, now projected at GEL 7.55 billion, GEL 180 million more than initially planned. In contrast, the forecast for corporate profit tax has been reduced by GEL 190 million, with the government noting that the banking sector’s 2024 profits are turning out lower than previously anticipated.
Other major taxes remain largely unchanged. The forecasts for VAT (GEL 8.14 billion) and excise tax (GEL 2.65 billion) stay in line with earlier projections. Import tax has been slightly adjusted downward by GEL 5 million, while the category of other taxes increases by GEL 70 million, bringing it to GEL 580 million.
Explanatory note attached to the document states that the revised figures reflect a stronger-than-expected economic performance. While the original 2025 budget had been based on 6% GDP growth, the updated version now projects growth of 7.2%.
