Technical Assistance Reports

Georgia: Technical Assistance Report-Fiscal Transparency Evaluation

March 25, 2024

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Georgia: Technical Assistance Report-Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2024) accessed November 8, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Technical Assistance Report No. 2024/024

  • Stock No:

    TAREA2024024

  • ISBN:

    9798400269691

  • ISSN:

    3005-4575

You May Also Be Interested In...

Central Bank Digital Currency: Progress And Further Considerations

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024

Colombia: Technical Assistance Report-Report on the Mineral Asset Accounts and Carbon Footprints Mission (May 20–24, 2024)

November 8, 2024

Republic Of Tajikistan: Fiscal Risk Management and Transparency of State-Owned Enterprises

November 8, 2024