05 November 2026,   04:27
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The 9-month state budget 2026 execution report was heard at the joint meeting of the Foreign Relations, and the EU Integration Committees

At a joint meeting of the Foreign Relations and the EU Integration Committees, the "Nine-Month Review of the Execution of the 2026 State Budget of Georgia", presented by the Ministry of Finance, was discussed.

The reporter, First Deputy Finance Minister Giorgi Kakauridze, briefed MPs on the key macroeconomic and fiscal indicators.

According to him, economic growth stood at 9.0% in the first quarter, 6.9% in the second quarter and 6.8% in the third quarter. The real economic growth rate for the first nine months amounted to 7.4%.

According to Giorgi Kakauridze, Georgia`s external merchandise trade turnover totalled USD 20,535.3 million in January–September 2026, representing a 9.2% increase compared to the corresponding period of the previous year. Exports increased by 19.6% to USD 6,153.2 million, while imports rose by 5.3% to USD 14,382.0 million. The First Deputy Minister stated that the EU remained Georgia`s largest trading partner. According to him, in January–September 2026, the EU accounted for 20.4% of Georgia`s total merchandise trade turnover, followed by Turkey with 12.4%, China with 11.3%, Russia with 10.8%, and the United States with 8.9%.

He noted that imports from EU countries increased by 3.5% during the reporting period compared to the corresponding period of the previous year.

According to Giorgi Kakauridze, Georgia received 5,332.8 thousand international visitors during the reporting period, representing a 0.1% increase compared to the same period last year. The number of tourist visits increased by 2.3%. Revenue from tourism amounted to USD 3,796.1 million, up 4.4% compared to the corresponding figure for 2025.

As for remittances, they increased by 5.2% to USD 2,513.3 million.

As the reporter noted, the projected revenue target of the consolidated budget for the first nine months was set at GEL 21,916,000.0 thousand, while GEL 22,956,756.8 thousand was mobilised during the reporting period, representing 104.7% of the projected target. According to him, tax revenues amounted to GEL 20,537,545.3 thousand, representing 103.2% of the nine-month projected target.

Giorgi Kakauridze stated that the revenue plan of the State Budget for the first nine months of 2026 had been exceeded. In particular, the projected revenue target for January–September was set at GEL 18,492,466.7 thousand, while GEL 19,226,460.9 thousand was mobilised during the reporting period, representing 104.0% of the target. According to the document presented, budgetary appropriations were set at GEL 30,881,358.0 thousand. Execution during the first nine months amounted to GEL 21,040,313.3 thousand, representing 92.4% of the projected nine-month figure and 68.1% of the annual approved plan.

The reporter briefed members of Parliament on the budget execution rates of various state agencies and noted that the average execution rate stood at 92%.

According to him, the budget of the Ministry of Foreign Affairs amounts to GEL 225 million. During the first nine months, GEL 158.7 million was utilised, representing 69.8% of the annual plan and 92.7% of the projected nine-month allocation.

The discussion of the State Budget Execution Report continued in a question-and-answer format.

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