The Parliament, at the plenary session, heard the report on the execution of the State Budget 2024, introduced by the First Deputy Finance Minister, Giorgi Kakauridze. He reviewed the budget execution parameters and the economic growth indices.

“We planned the budget of 2024 at the 5,2% real economic growth forecast; however, we enjoyed higher tendencies, foreseeing 9%, however, the ultimate economic growth index reached 9,4%”, - he reported.

Inflation for the last 2 years proved to be below the target index. As he observed, the foreign sector was one of the directions conditioning high economic growth.

As he noted, the foreign trade in 2024 constituted 23 billion 485 million USD, where 6 billion 560 million USD was the export share, and 16 billion 924 million USD - import. The tourism revenues constituted 4 billion 425 million USD, which surpasses the index of 2023 by 7,3%.

He reviewed the consumption by the Ministries: “The programs assigned to Ministries were fully implemented. At the same time, we enjoyed the lower deficit and debt index, which shall be positively estimated”. The mixed budget income forecast for 2024 was determined by 25 616 000.0 k. GEL, however, 25 722 782.0 k. GEL was mobilized - 100,4% of plan. Tax forecast was determined by 23 260 000.0 k. GEL but 23 290 004.8 k. GEL was mobilized - 100,1%.

The Parliament endorsed the report with 85 votes.