Georgia recorded a government budget surplus of 176 GEL Million in September of 2019. Government Budget Value in Georgia averaged 23.57 GEL Million from 2006 until 2019, reaching an all time high of 387.20 GEL Million in November of 2008 and a record low of -319.40 GEL Million in December of 2017.

Government Budget Value in Georgia is expected to be 192.50 GEL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Georgia to stand at 192.50 in 12 months time. In the long-term, the Georgia Government Budget Value is projected to trend around 169.30 GEL Million in 2020, according to our econometric models.

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Georgia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
176.00 118.70 387.20 -319.40 2006 - 2019 GEL Million Monthly

Georgia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.00 44.20 44.40 21.55 percent [+]
Government Budget -2.30 -3.20 4.50 -6.70 percent of GDP [+]
Government Spending 1752.00 1737.20 2018.50 41.10 GEL Million [+]
Government Revenues 830.50 931.70 1096.50 148.50 GEL Million [+]
Fiscal Expenditure 833.60 936.90 1377.00 132.00 GEL Million [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Credit Rating 43.00 [+]
Government Budget Value 176.00 118.70 387.20 -319.40 GEL Million [+]