Georgia: Technical Assistance Report-Enhancing the Fiscal Rules

June 1, 2018

Preview Citation

Format: Chicago

Georgia: Technical Assistance Report-Enhancing the Fiscal Rules, (USA: International Monetary Fund, 2018) accessed September 20, 2024

Summary

This Technical Assistance Report discusses the recommendations made by the IMF mission to assist Georgian authorities in enhancing country’s fiscal rules framework. It is recommended that the fiscal rules should consider both the overall objectives and the economic context in which they are applied. In Georgia, this would include: the stated primary objective of fiscal sustainability as well as the need for flexibility to respond to economic shocks; the transitional nature of the Georgian economy; and the intension to gradually move toward the European Union fiscal governance framework. It is also recommended that the fiscal policy targets should factor in potential economic shocks and fiscal risks.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal risks, Fiscal rules, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP)

Keywords: Budget planning and preparation, CR, Debt ceiling, Deficit, Deficit rule, Expenditures rule, Financial asset, Fiscal risks, Fiscal rule, Fiscal rules, Global, ISCR, Real GDP, Rules framework, SOEs.

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/132
Stock No:

1GEOEA2018002
ISBN:

9781484358207
ISSN:

1934-7685

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