Georgia: Primary government expenditures as a proportion of original approved budget (%)

Key figures

What the numbers say

On record, the biggest yearly rise was 6.9 percentage points in 2014 and the biggest yearly fall was 29.93 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 4% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Georgia had the 16th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Georgia in the 2023 ranking

• Bhutan — 13th of 32: 101.21%
• Australia — 14th of 32: 100.63%
• Eswatini — 15th of 32: 100.11%
• Mozambique — 17th of 32: 99.96%
• Oman — 18th of 32: 99.4%
• Kyrgyz Republic — 19th of 32: 99.37%

What this measures

Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.

Limitations: Although not all countries have used the PEFA methodology on an annual basis for the PEFA PI-1 indicator, the methodology relies on standard data sets for approved and final budget outturns which are commonly produced at least annually in every country. The countries that have not used the methodology to date are primarily highly developed countries which would have less difficulty in providing the necessary data than those in the lower and middle income categories that have been primary users of Public Expenditure and Financial Accountability (PEFA) to date. (As of: 2024-07-29) One limitation of the indicator is that it is an aggregate indicator of budget reliability.

All 16 values

Primary government expenditures as a proportion of original approved budget (%) in nearby economies

• Albania — 100.53% (2022)
• Armenia — 97.06% (2023)
• Azerbaijan — 104.84% (2024)
• Belarus — 106.37% (2022)
• Bosnia and Herzegovina — 91.12% (2022)
• Bulgaria — 85.91% (2024)
• Croatia — 94.76% (2022)
• Czechia — 117.36% (2022)

More public sector data for Georgia

• Net acquisition of financial assets (current LCU) — -57.1 million (2024)
• Net acquisition of financial assets (% of GDP) — -0.06% (2024)
• Central government debt, total (current LCU) — 37.3 billion (2024)
• Central government debt, total (% of GDP) — 40.1% (2024)
• Net incurrence of liabilities, total (current LCU) — 1.93 billion (2024)
• Net incurrence of liabilities, total (% of GDP) — 2.08% (2024)
• Net investment in nonfinancial assets (current LCU) — 4.31 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 4.63% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -1.99 billion (2024)

Reading data like this

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Questions people ask

What is Georgia's primary government expenditures as a proportion of original approved budget (%)?

100.08% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is down 30.17 percentage points from 130.25% in 2007. The highest value was 130.25% in 2007 and the lowest 92.7% in 2013.

How does Georgia rank?

16th highest of 32 economies with data for 2023.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets..

Source

World Bank, World Development Indicators, indicator GF.XPD.BUDG.ZS, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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