Georgia: public finances

How much debt does Georgia have?

Georgia's total government debt was GEL 35,641.8 million at the end of September 2026, according to the Ministry of Finance's Public Debt Statistics. External government debt was GEL 22,570.7 million (USD 8,664.0 million) and domestic government debt GEL 13,071.1 million. Total public debt, which also covers the National Bank, was GEL 36,320.2 million.

The ministry's debt pages also track a eurobond due in January 2031. The lari value of external debt moves with the exchange rate. The ministry notes that from 2026 the stock is measured at nominal value including accrued interest.

Official sources: Ministry of Finance: Public Debt Statistics

What is Georgia's budget deficit?

General government net borrowing, the overall deficit, was GEL 2,076.7 million in 2025, according to the General Government Budget table that Geostat publishes from Ministry of Finance data. Revenue was GEL 25,722.7 million and total expenditure GEL 27,799.4 million. That deficit is about 2% of 2025 GDP of GEL 104.6 billion.

The table follows the IMF's Government Finance Statistics Manual 2001 and covers central government, autonomous republics and municipalities. Quarterly figures for 2026 are on the same page, last updated on 8 September 2026. The Ministry of Finance publishes the annual budget law and execution reports on its State Budget page.

Official sources: Geostat: General Government Budget · Ministry of Finance: State Budget

How much tax does Georgia collect?

Georgia's general government collected GEL 23,289.8 million in taxes in 2025, according to the General Government Budget table compiled from Ministry of Finance data. Value added tax brought in GEL 9,331.8 million and income tax GEL 8,261.1 million. Profit tax raised GEL 2,881.3 million and excise GEL 2,728.7 million.

Taxes made up about nine-tenths of total revenue of GEL 25,722.7 million; the rest came from grants and other revenue. The figures are preliminary.

Official sources: Geostat: General Government Budget

What does the Georgian government spend money on?

General government expenditure totalled GEL 27,799.4 million in 2025, according to the General Government Budget table on Geostat. The largest item was social benefits, mainly pensions and social assistance, at GEL 9,122.4 million. Pay for public employees cost GEL 3,599.2 million, subsidies GEL 3,569.7 million and interest on debt GEL 1,638.1 million.

This is the economic classification, which shows the type of spending. Spending by purpose, such as health, education and defence, is in the separate table on expenditure by functions on the same page. Figures for 2025 are preliminary.

Official sources: Geostat: General Government Budget

What is Georgia's national debt?

In 2025, general government gross debt in Georgia was 34.3% of GDP, according to the IMF. Since 2005 it has ranged from 22.5% of GDP (2007) to 59.6% of GDP (2020). Europe & Central Asia median: 46.9% of GDP; Georgia is 36th highest of 51. World rank, highest first: 145th of 185.

What is Georgia's fiscal deficit?

The latest figure from the IMF, for 2025, is -1.5% of GDP, which is a deficit. The peak was 3.3% of GDP in 2006 and the low -9.2% of GDP in 2020. Europe & Central Asia median: -2.4% of GDP; Georgia is 17th highest of 51. Worldwide: 60th of 188.

How much does Georgia's government take in?

The IMF puts general government revenue in Georgia at 27.0% of GDP in 2025. Since 2005 it has ranged from 23.8% of GDP (2005) to 29.9% of GDP (2008). It is 44th highest of 50 in Europe & Central Asia, where the median is 41.3% of GDP. Worldwide: 93rd of 187.

How much does Georgia's government spend?

The latest figure from the IMF, for 2025, is 28.4% of GDP. Its high point since 2005 was 2009, at 34.8% of GDP; its low point was 2005, at 21.6% of GDP. It is 45th highest of 50 in Europe & Central Asia, where the median is 43.3% of GDP. World rank, highest first: 103rd of 186.

How much tax does Georgia collect?

According to the IMF, central government tax revenue in Georgia was 24.3% of GDP in 2024. It is the top of the series, which starts in 2005. It is 11th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. Of 92 countries with 2024 data, 15th highest.

How much does Georgia spend on its military?

SIPRI puts military spending in Georgia at 1.7% of GDP in 2025. The peak was 9.2% of GDP in 2007 and the low 1.6% of GDP in 2021. It is 34th highest of 46 in Europe & Central Asia, where the median is 2.0% of GDP. World rank, highest first: 71st of 149.