Nov 6, 2018

Fiscal deficit moderate at c. 1.1% of GDP in September

Quick Update

  • Consolidated budget remained in surplus in 9 months of 2018. In 9m 2018 budget surplus amounted to GEL 210 mln, as opposed to the deficit of GEL 550 mln over the same period of 2017.
  • In Q3 2018 budget surplus stood at 0.7% of GDP compared to 3.3% budget deficit in Q3 2017.
  • In September 2018 budget deficit stood at 39 mln (around 1.1% of GDP) as opposed to c. 200 mln GEL in September 2017, indicating weaker fiscal stimulus and contractionary effect on annual GDP growth also in September.