## Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises

_IMF Staff Country Reports, July 23, 2020_

## Source details

**Canonical URL:** [Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises](https://www.imf.org/en/publications/cr/issues/2020/07/22/georgia-technical-assistance-report-public-sector-balance-sheet-and-state-owned-enterprises-49604)

## Other formats

- [Markdown version](/en/publications/cr/issues/2020/07/22/georgia-technical-assistance-report-public-sector-balance-sheet-and-state-owned-enterprises-49604/index.md)
- [Structured JSON version](/en/publications/cr/issues/2020/07/22/georgia-technical-assistance-report-public-sector-balance-sheet-and-state-owned-enterprises-49604/index.json)
- [Bundle manifest](/en/publications/cr/issues/2020/07/22/georgia-technical-assistance-report-public-sector-balance-sheet-and-state-owned-enterprises-49604/bundle-manifest.json)

## Bibliographic details
- Published: July 23, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513551029.002

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### Summary findings
- Georgia’s public sector balance sheet (PSBS) is in relatively healthy shape, with assets exceeding liabilities, and is comparatively lean.
- The assessment covers all entities that the government controls, including the central government, local governments, the State-Owned Enterprise (SOE) sector and the National Bank of Georgia (NBG).

### Key statistics and composition
- Total assets: 149 percent of GDP (made up of cash, loans, infrastructure, land and productive SOE assets).
- Total liabilities: 81 percent of GDP (primarily comprising loans and debt of the government and SOEs).
- Net worth: 68 percent of GDP (positive net worth, putting Georgia in the top third of countries in the IMF’s database).

### Thematic coverage and topics
- Accounting standards
- Economic sectors
- Financial statements
- Fiscal accounting and reporting
- Fiscal risks
- Public financial management (PFM)
- Public sector

### Keywords (as listed in the source)
- accounting reform
- Accounting standards
- accounts receivable
- accrual basis
- asset write-down
- Australia and New Zealand
- chief financial officer
- CR
- cross holdings
- Financial statements
- Fiscal accounting and reporting
- Fiscal risks
- foreign exchange
- ISCR
- Public sector
- return on equity
- sensitivity analysis

*International Monetary Fund. Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises, July 23, 2020.*

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## Content in this bundle

- **Georgia — Public Sector Balance Sheet Update**
  - [Georgia — Public Sector Balance Sheet Update (Markdown version)](/-/media/files/publications/cr/2020/english/1geoea2020004.pdf.md){rel="alternate" type="text/markdown"}
  - [Georgia — Public Sector Balance Sheet Update (PDF)](/-/media/files/publications/cr/2020/english/1geoea2020004.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2020/07/22/georgia-technical-assistance-report-public-sector-balance-sheet-and-state-owned-enterprises-49604_