The Ministry of Finance released a budget draft for 2025 this week, illustrating drastic changes in grant revenue predictions.
The most significant aspects are as follows:
- International Grants: projected to decline by GEL 91 million, amounting to 59.9 million.
- EU Grants: projected to decline due to the European Union, one of the key grant contributors, suspending a three-year program worth EUR 121 million as a result of the country’s anti-democratic route.
- Budget Revision: the completed draft projects the additional decrease of GEL 366 thousand
Such considerable changes reveal a major shift in international financial support for Georgia in the current political climate.
