Georgia recorded a Government Budget deficit equal to 2.30 percent of the country's Gross Domestic Product in 2018.

Government Budget in Georgia averaged -2.21 percent of GDP from 2000 until 2018, reaching an all time high of 4.50 percent of GDP in 2006 and a record low of -6.70 percent of GDP in 2009. This page provides - Georgia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Georgia is expected to reach -7.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Government Budget is projected to trend around -3.70 percent of GDP in 2021 and -3.10 percent of GDP in 2022, according to our econometric models.

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Georgia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -3.20 4.50 -6.70 2000 - 2018 percent of GDP Yearly

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 1514.90 1524.90 2018.50 41.10 GEL Million [+]
Government Revenues 820.90 869.80 1138.40 148.50 GEL Million [+]
Fiscal Expenditure 908.30 1210.10 1377.00 132.00 GEL Million [+]
Credit Rating 45.00 [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Government Budget Value -345.40 -120.80 387.20 -345.40 GEL Million [+]

Georgia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.