The Ministry of Finance has issued a statement addressing what it describes as deliberate speculation regarding the preliminary figures for the January–March state budget.

According to the ministry, there are no issues with budget implementation. On the contrary, revenue targets have been exceeded, and claims to the contrary are baseless and intended to mislead the public.

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

The ministry highlighted that both state and consolidated budget revenues, including tax collections, exceeded planned figures—even though some individual tax categories fell slightly short of forecasts.

“In the first quarter of 2025, consolidated budget revenues totalled GEL 6.5 billion, reaching 102.1% of the projected amount. Of this, tax revenues amounted to GEL 6.1 billion —GEL 118 million more than the forecasted GEL 6.0 billion —achieving 102.0% of the target.

The state budget revenue plan was also exceeded. Specifically, revenues collected from January to March amounted to GEL 5.7 billion, which is 102.1% of the first-quarter forecast of GEL 5.6 billion. Tax revenues within the state budget were forecasted at GEL 5.3 billion, while the actual figure reached GEL 5.4 billion, or 102.3% of the plan. The total actual revenues for the state budget stood at GEL 6.7 billion, representing 100.5% of the projected amount.

Notably, by the end of the first quarter of 2025, GEL 1.7 billion and GEL 0.7 billion were held in the balances of the state and local budgets, respectively.

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