The Budget and Finance Committee heard the Government’s Annual Report on the Execution of Georgia’s 2025 State Budget.

According to the presenter, First Deputy Finance Minister Giorgi Kakauridze, real economic growth reached 7.5%in 2025. GDP amounted to GEL 104.5981 billion in nominal terms, representing a 12.4% increase compared to the previous year. GDP per capita stood at GEL 28,235.4 (USD 10,296.5).

Kakauridze noted that the private sector played the leading role in economic growth, with business turnover increasing by 12.4% and the value of output produced by enterprises rising by 13.4%.

According to the First Deputy Minister, by the fourth quarter of 2025, employment in the business sector had increased by 27,300 persons compared to the same period of the previous year, reaching 839,200 employees.

He further stated that annual inflation stood at 4.0% at the end of 2025, while average inflation for the year was 3.95%.

According to Kakauridze, Georgia’s foreign trade turnover in goods reached USD 25.8632 billion in 2025, representing a 10.3% increase compared to the previous year. Of this amount, exports totaled USD 7.2912 billion (up 11.2%); imports totaled USD 18.572 billion (up 10.0%).

He also noted that the European Union accounted for 21.6% of Georgia’s total trade turnover in 2025.

According to the report, Georgia welcomed 6.8568 million international visitors in 2025. Among them, 5.5219 million were tourist visitors, representing an 8.4% increase compared to the previous year. Revenue from tourism reached USD 4.6902 billion, up 6.0% from 2024.

The First Deputy Minister also reported that foreign direct investment in Georgia increased by 7.6% in 2025, reaching USD 1.6887 billion.

According to Kakauridze, GEL 28.468 billion was mobilized during the reporting period, amounting to 100.7% of the forecast target.

Speaking about state budget revenues, he noted that revenue performance reached 100.7% overall. Cash execution of expenditures amounted to GEL 27.723 billion, which represented 99.2% of the planned figure.

Following the presentation of the annual budget execution report, the Committee heard the State Audit Office’s report on the execution of Georgia’s 2025 State Budget, presented by Deputy Auditor General Sopio Dvalishvili.

After reviewing the key findings, Dvalishvili stated that, in the State Audit Office’s assessment, the Government’s report had been prepared in compliance with the applicable legislation and fairly presented, in all material respects, information on the execution of the State Budget.

At the same meeting, the Committee also heard information on the Main Macroeconomic Forecasts and the Key Directions of Georgia’s Ministries, presented by Giorgi Kakauridze.

According to the updated forecast, real economic growth is expected to reach 6.3% in 2026; in subsequent years, growth is projected to remain within the 5–5.5% range.

Kakauridze also noted that inflation is expected to be around 4.9% this year, before returning to the National Bank’s target level of 3% next year.