Georgia recorded a government budget deficit of 181.30 GEL Million in March of 2021. source: National Statistics Office of Georgia

Government Budget Value in Georgia averaged -1.53 GEL Million from 2006 until 2021, reaching an all time high of 387.20 GEL Million in November of 2008 and a record low of -907.90 GEL Million in December of 2020. This page provides - Georgia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Budget Value - values, historical data and charts - was last updated on May of 2021.

Government Budget Value in Georgia is expected to be 169.30 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 169.30 in 12 months time. In the long-term, the Georgia Government Budget Value is projected to trend around 169.30 GEL Million in 2022, according to our econometric models.

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Georgia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-181.30 -259.40 387.20 -907.90 2006 - 2021 GEL Million Monthly

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.40 41.20 62.40 21.55 percent [+]
Government Budget -3.40 -2.60 4.50 -6.70 percent of GDP [+]
Government Spending 2065.80 1741.80 2065.80 41.10 GEL Million [+]
Government Revenues 1079.70 864.00 1141.60 148.50 GEL Million [+]
Fiscal Expenditure 1112.20 977.40 1633.50 132.00 GEL Million [+]
Military Expenditure 337.00 327.00 938.00 34.10 USD Million [+]
Credit Rating 45.00 [+]
Government Budget Value -181.30 -259.40 387.20 -907.90 GEL Million [+]


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.