Georgia recorded a Government Budget deficit equal to 9.30 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance, Georgia

Government Budget in Georgia averaged -1.99 percent of GDP from 2000 until 2020, reaching an all time high of 4.50 percent of GDP in 2006 and a record low of -9.30 percent of GDP in 2020. 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 2021.

Government Budget in Georgia is expected to reach -7.50 percent of GDP by the end of 2021, 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 2022 and -3.10 percent of GDP in 2023, according to our econometric models.

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Georgia Government Budget


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Government Budget -9.30 -2.70 percent of GDP Dec/20
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.