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Day: December 10, 2025
Geopolitical Reconfiguration in the South Caucasus: Where Does Georgia Stand? The Fletcher Forum of World Affairs
Georgia’s disputed parliament approved the 2026 state budget on December 10, with 80 MPs voting in favor and nine against.
Georgian Dream Finance Minister Lasha Khutsishvili presented the budget project to lawmakers from the ruling Georgian Dream party and the opposition Gakharia For Georgia.
According to him, the real economic growth is projected at 5% in 2026, and medium-term growth at 5.3%. Average annual inflation is forecast at 3.3%, against a 3% target. Nominal GDP is projected at USD 114.1 billion, with GDP per capita exceeding USD 11,300, Khutsishvili said.
Consolidated budget tax revenues are set at GEL 27.4 billion. The budget deficit is projected at 2.5% of GDP, while government debt is expected to decline to 33.5%. Total expenditures under the consolidated budget will amount to GEL 36.285 billion, with revenues projected at GEL 30.76 billion, the minister added.
Sectoral allocations:
- GEL 9.66 billion (USD 3.59 billion) – Ministry of IDPs, Health, Labour and Social Affairs;
- GEL 2.7 billion (USD 1 billion) – Ministry of Education, Science and Youth;
- GEL 365 million (USD 135 million) – Ministry of Culture;
- GEL 325 million (USD 120 million) – Ministry of Sports;
- GEL 3.113 billion (USD 1.1 billion) – Ministry of Infrastructure;
- GEL 808 million (USD 300 million) – Ministry of Environmental Protection and Agriculture;
- GEL 133 million (USD 49 million) – Ministry of Regional Development;
- GEL 928 million (USD 345 million) – Ministry of Economy and Sustainable Development;
- GEL 130 million (USD 48.3 million) – Ministry of Finance;
- GEL 443 million (USD 164 million) – Ministry of Justice of Georgia;
- GEL 225 million (USD 83 million) – Ministry of Foreign Affairs of Georgia;
- GEL 1.89 billion (USD 702.8 million) – Ministry of Defense;
- GEL 1.547 billion (USD 557 million) – Ministry of Internal Affairs;
- GEL 380 million (USD 141 million) – State Security Service.
Also Read:
- 28/10/2025 – 11 Members of Gakharia’s Party Take MP Seats in Disputed Parliament
- 10/12/2024 – GD Parliament Approves 2025 State Budget
- 15/12/2023 – Parliament Approves 2024 State Budget