{
  "title": "Georgia: Technical Assistance Report-Fiscal Transparency Evaluation",
  "publication": "Technical Assistance Reports, March 25, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/03/25/georgia-technical-assistance-report-fiscal-transparency-evaluation-546666",
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  "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.",
  "sections": [
    {
      "heading": "Overview and Purpose",
      "content": "- Publication date: March 25, 2024\n- This report updates the Fiscal Transparency Evaluation for Georgia published in 2017.\n- Pages: 66\n- Volume: 2024\n- Issue: 024\n- Series: Technical Assistance Report No. 2024/024\n- DOI: https://doi.org/10.5089/9798400269691.019\n- Stock No: TAREA2024024\n- ISBN: 9798400269691\n- ISSN: 3005-4575"
    },
    {
      "heading": "Key Findings: Improvements since 2017",
      "content": "- Fiscal reporting has become more comprehensive through an increased coverage of public entities.\n- Annual financial statements for the central government have been published since 2020.\n- Fiscal forecasting and budgeting improvements include:\n  - Recalibration and adoption of a new set of fiscal rules.\n  - Reconciliation and explanation of changes to the government’s previous forecasts.\n- Fiscal risk analysis and management has been expanded to comprise a wider set of risks.\n- More complex analytical exercises are now undertaken, including analysis of long-term risks."
    },
    {
      "heading": "Identified Gaps and Areas for Further Action",
      "content": "- Further increase the coverage of fiscal reports.\n- Strengthen external oversight of the government’s financial position.\n- Other gaps were identified that the country should address to continue improving transparency."
    },
    {
      "heading": "Thematic Scope and Subjects Covered",
      "content": "- Budget execution and treasury management\n- Budget planning and preparation\n- Expenditure\n- Financial statements\n- Fiscal risks\n- Public financial management (PFM)\n- Monetary policy\n- International organization"
    },
    {
      "heading": "Keywords and Stakeholders Mentioned",
      "content": "- authorities of Georgia\n- Budget Execution and Treasury Management\n- Budget Planning and Preparation\n- FAD expert\n- Financial statements\n- Fiscal Risk Management\n- Fiscal risks\n- Fiscal Transparency\n- Georgia\n- Global\n- Government Financial Statements\n- IMF's Fiscal Affairs Department\n- local government\n- mission activity\n- Public Financial Management.\n- request of the Ministry of Finance\n\nInternational Monetary Fund. Fiscal Affairs Dept. \"Georgia: Technical Assistance Report-Fiscal Transparency Evaluation\", Technical Assistance Reports 2024, 024 (2024).\n\n---\n\n Content in this bundle\n\n- Tarea2024024\n  - Tarea2024024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Tarea2024024 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/03/25/georgia-technical-assistance-report-fiscal-transparency-evaluation-546666"
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    "Published: March 25, 2024",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798400269691.019",
    "Publication date: March 25, 2024",
    "This report updates the Fiscal Transparency Evaluation for Georgia published in 2017.",
    "Pages: 66",
    "Volume: 2024",
    "Issue: 024",
    "Series: Technical Assistance Report No. 2024/024",
    "DOI: https://doi.org/10.5089/9798400269691.019",
    "Stock No: TAREA2024024",
    "ISBN: 9798400269691",
    "ISSN: 3005-4575",
    "Fiscal reporting has become more comprehensive through an increased coverage of public entities.",
    "Annual financial statements for the central government have been published since 2020.",
    "Fiscal forecasting and budgeting improvements include:",
    "Fiscal risk analysis and management has been expanded to comprise a wider set of risks.",
    "More complex analytical exercises are now undertaken, including analysis of long-term risks.",
    "Further increase the coverage of fiscal reports.",
    "Strengthen external oversight of the government’s financial position.",
    "Other gaps were identified that the country should address to continue improving transparency.",
    "Budget execution and treasury management",
    "Budget planning and preparation",
    "Expenditure",
    "Financial statements",
    "Fiscal risks",
    "Public financial management (PFM)",
    "Monetary policy",
    "International organization",
    "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",
    "**Tarea2024024**"
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