Georgia: Fiscal Transparency Evaluation

September 27, 2017

Preview Citation

Format: Chicago

Georgia: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This report evaluates the state of fiscal transparency in Georgia. Georgia has taken important steps to enhance its fiscal transparency practices over the past decade. Fiscal reports have become more comprehensive, with the development of a central government balance sheet and income statement. Fiscal forecasts and budgets have become more forward looking and policy oriented, with the introduction of a four-year medium-term budget framework, formal fiscal objectives, and a program budget classification. In addition, fiscal risk disclosure and analysis have improved dramatically, with the publication of a detailed statement on fiscal risks. At the same time, the evaluation highlights a number of areas where Georgia’s fiscal transparency practices could be further improved.

Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Financial statements, Fiscal risks, Public financial management (PFM)

Keywords: Annual budget, Balance sheet, Budget documentation, Budget execution and treasury management, Budget planning and preparation, Budget year, Cash flow, CR, End-point expenditure, Execution report, Expenditure measure, Expenditure rule, Financial statements, Fiscal risks, Gross revenue, Guarantee exposure, ISCR, LG spending, Natural resource, Net present value, Real GDP, State debt rule

Publication Details

Pages:

70
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/291
Stock No:

1GEOEA2017003
ISBN:

9781484321157
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports