The First Deputy Finance Minister, Giorgi Kakauridze introduced the State Budget 2024 Enforcement Report to the Regional Policy and Self-Government Committee.

According to him, the economic growth for 2024 was planned by 5,2%, however, propelled by higher recent tendencies, the real economic growth achieved 9,4%. The nominal index of GDP increased by 136%, constituting 91,891,8 ml GEL, while GDP per capita is determined as 9,141,4 USD.

The annual inflation level was at 1,9% at the end of 2024, and the average inflation for the same period remains at 1,1%.

In line with the report, the foreign trade constituted 23,484,7 ml USD, which, compared to the preceding index, is higher by 8,3%, where the export share is 6,560,4 ml USD, and import - 16,924,3 ml USD.

As the reporter noted, in 2024, Georgia hosted 6,456,1 thousand visitors, where 5,091,7 k. Were tourists, exceeding the preceding year’s index by 9,0%. Hence, the tourism revenues constitute 4,425,4 ml USD - higher than the 2023 index by 7,3%.

Besides, the mixed budget revenues for 2024 constituted 25 722 782.0 GEL - 100,4% of the forecast; 23 290 004.8 GEL was mobilized as expenses - 100,1% of the forecast; the grants constituted 345 978.9 GEL, and other revenues - 2 086 798.3 - 104,3% of the forecast.

In his report, G. Kakauridze noted that the forecasts of the revenues and the sum incomes exceeded the planned amount.

21 848 836.1 GEL was mobilized in 2024 - 100,6% of the forecast, including: 20 196 546.5 GEL - taxes (100,0%), 335 871.1 GEL - grants (126,3%), and 1 316 418.5 GEL - other revenues (103,7%).

As for the expenditures, the reporter noted that the state budget has been modified during 2024, which increased the state assignments by 900,000,0 GEL, constituting 25 930 420.7 GEL - 100.1%.

According to him, the Regional Development and Infrastructure Ministry excessively consumed the assignments of 3 901.00 k. GEL - by 104,1%.

Furthermore, the municipalities enforced the VAT mobilization plans in excess, namely, VAT was planned by 1,743,0 k. GEL, however, the mobilized amount constituted 1,773,0 k. GEL.

The sums transferred to the municipalities in 2024 constituted 1,368,0 k. GEL.

The Highland Settlements Development Fund consumed 19,980,2 k. GEL, and the cash expenses of the projects constituted 758 962.6 k. GEL.

According to the co-reporter, Deputy Infrastructure Minister, Mzia Giorgobiani, the Ministry was provided significantly increased budget last year.

As she noted, 2 bl. 160 ml GEL was consumed on road infrastructure, 330 ml GEL for regional and municipal infrastructure, 834 ml GEL - water supply system, 52 ml GEL - waste management, 4,8 ml GEL for IDPs, over 300 ml GEL for general and preschool education institutions, and 209 ml GEL - touristic infrastructure.

The Committee approved the report.