The Budget and Finance Committee approved the final version of the Draft Law on State Budget 2026, introduced by the First Deputy Finance Minister, Giorgi Kakauridze.

According to him, the 2026 draft budget sets real economic growth at 5.0%, while the medium-term forecast for real economic growth stands at 5.3%.

The GDP deflator is forecast at 4.1%, and in the following years, this indicator is projected at 3.0%.

The forecast for average inflation is 3.3%, while in the medium term it remains within the target level of 3%. The forecast for nominal GDP is set at GEL 114.1 billion, and by 2029, nominal GDP is projected to reach GEL 145.5 billion.

As Giorgi Kakauridze noted, mixed budget tax revenues amount to GEL 27.04 billion, which is GEL 240.0 million more compared to the previous version of the draft.

The budget deficit remains at 2.5% of GDP, while the government debt ratio is reduced to 33.5% of GDP.

According to him, based on these indicators, total expenditures of the 2026 mixed budget amount to GEL 36.3 billion.

He stated that the forecast for tax revenues in 2026, by type of tax, is as follows: the forecast for income tax is GEL 9,050.0 million.

Of this amount, the state budget share equals GEL 8,221.0 million (increased by GEL 51.0 million compared to the previous version), while the share of the Autonomous Republics is GEL 829.0 million (increased by GEL 29.0 million); the forecast for profit tax is GEL 3,200.0 million, an increase of GEL 50.0 million compared to the previous version; the forecast for value-added tax is set at GEL 10,930.0 million. Of this, the state budget share amounts to GEL 8,744.0 million (increased by GEL 64.0 million), while municipal revenues equal GEL 2,186.0 million (increased by GEL 16.0 million); the forecast for excise tax remains unchanged at GEL 2,700.0 million; the forecast for import tax remains unchanged at GEL 150.0 million; the forecast for property tax is increased by GEL 25.0 million and totals GEL 825.0 million; the forecast for other taxes is set at GEL 185.0 million.

According to Giorgi Kakauridze, certain adjustments have been made to both the revenue and expenditure parts of the state budget.

Specifically, the total revenue estimate of the 2026 state budget has increased by GEL 468.6 million and is set at GEL 30,759.4 million, while state budget appropriations have increased by GEL 405.5 million and amount to GEL 30,881.4 million.

Under the draft:

appropriations for the IDPs, Labour, Health, and Social Protection Ministry have increased by GEL 47.9 million and are set at GEL 9,668.6 million; funding for the Education, Science, and Youth Ministry amounts to GEL 2,702.2 million, exceeding the previous estimate by GEL 89.6 million; funding for the Culture Ministry has increased by GEL 42.3 million and totals GEL 364.8 million; an additional GEL 29.9 million has been allocated to the Sports Ministry, bringing its total to GEL 325.3 million; funding for Infrastructure Ministry increases by GEL 16.8 million and stands at GEL 3,113.7 million.