Georgia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Georgia's budget deficit was -2.27% in 2025, ranked 71st globally. This represents a 0.9% increase from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Georgia's budget deficit stood at -2.27% in 2025, a rise of +0.02% from 2024. The IMF projects -2.27% by 2025. Georgia ranked 71st globally.
Georgia’s primary budget deficit has narrowed to –2.27 percent of GDP in 2025, placing it 71st in the world and closely aligning with peers such as Canada (‑2.22) and Uzbekistan (‑2.36). The 2025 figure marks a substantial improvement from the all‑time trough of –9.16 percent recorded in 2020, a low point reached amid the pandemic‑related fiscal shock. Yet it remains above the pre‑crisis level of –4.89 percent in 1995 and well below the all‑time peak of 3.59 percent in 2004, when surplus‑generating reforms briefly lifted revenues above expenditures. Over the 31‑year coverage period, the trajectory has shifted from a modest deficit in the mid‑1990s to a pronounced contraction in 2020, followed by a steady recovery driven by tighter spending controls and modest revenue growth. Continued fiscal consolidation, higher tax compliance and a resilient export sector are likely to keep the deficit below the 2025 level, though any slowdown in growth could stall the downward trend.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.11% | - | - |
| 2029* IMF | -2.10% | - | - |
| 2028* IMF | -2.09% | - | - |
| 2027* IMF | -2.19% | - | - |
| 2026* IMF | -2.29% | - | - |
| 2025* IMF | -2.27% | - | - |
| 2025 | -2.27% | +0.02% | #71 |
| 2024 | -2.30% | +0.03% | #105 |
| 2023 | -2.33% | −0.13% | #104 |
| 2022 | -2.20% | +3.77% | #108 |
| 2021 | -5.97% | +3.19% | #56 |
| 2020 | -9.16% | −7.33% | #45 |
| 2019 | -1.83% | −1.02% | #94 |
| 2018 | -0.80% | −0.35% | #120 |
| 2017 | -0.45% | +1.04% | #139 |
| 2016 | -1.49% | −0.33% | #123 |
| 2015 | -1.16% | +0.62% | #139 |
| 2014 | -1.78% | −0.53% | #118 |
| 2013 | -1.25% | −0.54% | #125 |
| 2012 | -0.71% | +0.10% | #131 |
| 2011 | -0.81% | +3.67% | #130 |
Analysis
Georgia's budget deficit was -2.27% in 2025, a rise of +0.02% from 2024. IMF projects -2.27% by 2025.
Frequently Asked Questions
Georgia's budget deficit was -2.27% in 2025. Ranked 71st globally. This represents a 0.9% increase from the previous year.
Georgia's budget deficit peaked at 3.59% in 2004.
The lowest budget deficit in Georgia was -9.16% in 2020.
Georgia ranks 71st globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Georgia's budget deficit is projected to reach -2.27% by 2025 based on IMF projection.
The budget deficit of Georgia in 2025 was -2.27%. This ranks 71st in the world.
Cite this page
@misc{historysaid_georgia_budget-deficit,
title = {Georgia Budget Deficit},
url = {https://historysaid.com/georgia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}