Georgia recorded a government budget deficit of 345.40 GEL Million in June of 2020.

Government Budget Value in Georgia averaged 19.38 GEL Million from 2006 until 2020, reaching an all time high of 387.20 GEL Million in November of 2008 and a record low of -345.40 GEL Million in June 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 October of 2020.

Government Budget Value in Georgia is expected to be 192.50 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 2021, according to our econometric models.

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Georgia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-345.40 -120.80 387.20 -345.40 2006 - 2020 GEL Million Monthly

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 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.