Georgia: Technical Assistance Report-Fiscal Transparency Evaluation

March 25, 2024

Preview Citation

Format: Chicago

Georgia: Technical Assistance Report-Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2024) accessed December 21, 2024

Summary

This report updates the Fiscal Transparency Evaluation for Georgia published in 2017. Over the past six years, Georgia has taken significant steps to address the transparency gaps identified in the 2017 assessment. Fiscal reporting has become more comprehensive through an increased coverage of public entities, and the publishing of annual financial statements for the central government since 2020. Improvements in fiscal forecasting and budgeting include, but are not limited to, the recalibration and adoption of a new set of fiscal rules and the reconciliation and explanation of changes to the government’s previous forecasts. Fiscal risk analysis and management has been expanded to comprise a wider set of risks, and at the same time undertaking more complex analytical exercises, including of long-term risks. The updated evaluation identified gaps that the country should address to continue improving transparency, including further increasing the coverage of fiscal reports or strengthening the external oversight of the government’s financial position, among others.

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

Keywords: Authorities of Georgia, Budget Execution and Treasury Management, Budget Planning and Preparation, FAD expert, Financial statements, Fiscal Risk Management, Fiscal risks, Fiscal Transparency, Georgia, Global, Government Financial Statements, IMF's Fiscal Affairs Department, Local government, Mission activity, Public Financial Management., Request of the Ministry of Finance

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Technical Assistance Report No. 2024/024
Stock No:

TAREA2024024
ISBN:

9798400269691
ISSN:

3005-4575

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