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Georgia’s 2027 budget reaches committee at 37.56 billion lari and a 2.5% deficit

The first version of Georgia’s 2027 state budget began its committee readings on Monday with consolidated receipts of 37.531 billion lari, 29.52 billion of them taxes, and spending of 37.562 billion, first deputy finance minister Giorgi Kakauridze told the education committee. It assumes 5% real growth, nominal GDP above 126 billion lari, a deficit of 2.5% of GDP and government debt at 31.6%.

By CAW Staff6 October 2026
Chart of Georgia's 2027 budget in billions of lari: revenue of 37.531 with taxes of 29.52, spending of 37.562, and a small amber bar of 3.15 for the 2.5% deficit.

Monday’s numbers reconcile the two cuts of the budget that reached the public last week, 37.562 billion lari of spending in the ministry’s first draft and 37.531 billion in the consolidated figure Interpressnews carried. The first is the expenditure side, the second total receipts. Inflation is to return to the 3% target in 2027, and more than 8.431 billion lari of the consolidated budget goes to infrastructure and capital projects.

Education was the committee’s own line: the ministry’s funding rises by 225 million lari to 2.928 billion, education spending across the budget by 400 million, which carries pay rises for public school teachers, administrative staff and kindergarten employees, and 800 million lari goes to capital spending in education. Giorgi Chakvetadze, the committee’s first deputy chair, called its scale without precedent.

The first is the expenditure side, the second total receipts.

The reading continues in the other committees. Missing from last week’s spending document, the revenue line is now on the page: 29.52 billion lari of taxes inside 37.531 billion of receipts.

A deficit of 2.5% of GDP on a GDP above 126 billion lari is about 3.15 billion lari by CAW’s arithmetic, against the 31 million lari between the receipts and spending figures on the page, a gap the reading did not explain.

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