The Agrarian Issues Committee reviewed the three-month performance report on the execution of the 2025 State Budget.

As presented by the First Deputy Minister of Finance, Giorgi Kakauridze, Georgia has maintained a high pace of economic growth, reaching an average of 9.3%. He noted that the annual inflation rate in March stood at 3.5%, while the average inflation rate remained at 1.7%, still below the target threshold.

G. Kakauridze reported that the country’s foreign trade turnover amounted to USD 5,618.6 million, of which exports totalled USD 1,401.2 million and imports USD 4,217.4 million. According to the report, Georgia received 1,172.3 thousand international visitors in the first quarter of 2025, marking a 1.3% increase compared to the same period last year.

Among these, the number of tourist visits reached 959.0 thousand, which is 2.2% higher than the corresponding figure from the previous year.

In total, tourism revenues in Q1 2025 amounted to USD 826.0 million.

Speaking on consolidated budget parameters, Mr. Kakauridze noted that the projected revenue for the January–March period was GEL 6,406.3 million, while actual revenue collection reached GEL 6,541.2 million—representing 102.1% of the forecast.

In the area of tax revenues, GEL 6,077.3 million was mobilised, equating to 102.0% of the projection. VAT refunds totalled GEL 622.9 million. Grants amounted to GEL 61.1 million—111.0% of the planned figure—and other revenues reached GEL 402.8 million, corresponding to 102.7% of the forecast.

According to the First Deputy Minister, overall state budget revenue for January–March was executed at 102.1%, including: Tax revenues: GEL 5,428.5 million,; grants: GEL 59.4 million; other income: GEL 212.5 million.

As for expenditures, cash execution stood at 94.3% of the quarterly plan and approximately 23% of the annual plan, which G. Kakauridze described as a high performance level for the first quarter.

The Ministry of Environmental Protection and Agriculture disbursed over GEL 190 million, representing 23.3% of the annual plan and 93.3% of the quarterly target.

In terms of sectoral implementation: Food safety reached 100.8%; viticulture and winemaking: ~98%; research activities: 100%; unified agro-projects: 92%; irrigation: 87%.

On cooperation with financial institutions, Mr. Kakauridze noted that all partnerships remain active. Several new projects have already secured funding this year, with additional agreements planned for the second half of the year.

“Regarding agriculture specifically, there are two main directions. First is support for the dairy sector, where donor funds have been nearly fully allocated and it now depends on the implementing bodies to disburse the resources. Negotiations are underway for additional funding, to be finalised in the second half of the year.
The second direction concerns irrigation, where funding volumes are already defined. In total, we are discussing projects worth approximately USD 250 million, half of which is loan-based. The necessary framework is in place for the disbursement of these loans", - the Deputy Minister concluded.