IMF Staff Country Reports

Georgia: Fiscal Transparency Evaluation

Publication Date:

September 27, 2017

Electronic Access:

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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.

Series:

Country Report No. 2017/291

Subject:

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