Nov 29, 2018

Fiscal remained in surplus in October 2018

Quick Update

  • Consolidated budget balance remained in surplus in 10 months of 2018. Over this period fiscal surplus amounted to c. 252 mln GEL, as opposed to the deficit of c. 668 mln GEL in 10 months of 2017.
  • Only in October budget surplus amounted to c. 42 mln GEL, an estimated 1.1% of the same period GDP.
  • Tax revenues maintained growth momentum (+6.7% YoY) in October, while the expenditures declined due to the lower current (-0.7%) as well as capital (-55.2% YoY) spending.