The Ministry of Finance has issued a firm rebuttal to what it calls “deliberate speculation” regarding the preliminary performance of Georgia’s state budget for the first quarter of 2025. In a public statement, the ministry affirmed that revenue targets not only met expectations but were actually exceeded, calling contrary claims “baseless and misleading.”

“We categorically reject the unfounded speculations about the preliminary budget performance figures for the first quarter,” the statement reads. “These claims are deliberately aimed at misleading the public.”

According to official data, consolidated budget revenues for January through March 2025 totaled GEL 6.5 billion, reaching 102.1% of the forecasted figure. Within that, tax revenues amounted to GEL 6.1 billion—GEL 118 million above the target—achieving 102.0% of the plan.

State budget revenues similarly outperformed expectations. Collections totaled GEL 5.7 billion against a projection of GEL 5.6 billion, or 102.1% of the planned amount. Tax revenues alone reached GEL 5.4 billion, exceeding the forecast of GEL 5.3 billion and fulfilling 102.3% of the goal. Overall, actual state budget revenues stood at GEL 6.7 billion, equivalent to 100.5% of the planned figure.

Additionally, as of the end of Q1 2025, budget balances remained strong, with GEL 1.7 billion held in the state budget and GEL 0.7 billion in local budgets.

“In light of these results, we reiterate that there are no issues with meeting the planned budget targets,” the ministry emphasized. “On the contrary, revenue performance exceeds expectations, and claims suggesting difficulties in fulfilling budget obligations are unfounded and misleading.”