Government Budget in Georgia decreased to -3.40 percent of GDP in 2019 from -2.60 percent of GDP in 2018. source: National Bank of Georgia

Government Budget in Georgia averaged -2.30 percent of GDP from 2000 until 2019, reaching an all time high of 4.50 percent of GDP in 2006 and a record low of -6.70 percent of GDP in 2009. This page provides - Georgia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Georgia is expected to reach -3.70 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Government Budget is projected to trend around -3.10 percent of GDP in 2022, according to our econometric models.

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Georgia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -2.60 4.50 -6.70 2000 - 2019 percent of GDP Yearly

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.20 43.00 44.40 21.55 percent [+]
Government Budget -3.40 -2.60 4.50 -6.70 percent of GDP [+]
Government Spending 1741.80 1514.90 2018.50 41.10 GEL Million [+]
Government Revenues 1066.90 1141.60 1141.60 148.50 GEL Million [+]
Fiscal Expenditure 1013.10 1633.50 1633.50 132.00 GEL Million [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Credit Rating 45.00 [+]
Government Budget Value -87.00 -907.90 387.20 -907.90 GEL Million [+]


Georgia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.