Publication:
Georgia Public Expenditure Review : Diagnostics of Public Investment Management System

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-08-14T15:56:12Z
dc.date.available2014-08-14T15:56:12Z
dc.date.issued2014-06-11
dc.description.abstractGenerating growth and creating jobs within a sustainable fiscal framework is Georgia s biggest macroeconomic challenge. Although Georgia registered rapid growth of 5.7 percent a year during 2010-13, unemployment remains high at 15 percent. New growth companies, especially in tourism and other service sectors, did not generate enough formal or even informal employment. Fiscal policy played a crucial role in Georgia s recent growth performance with a fiscal stimulus driven post-crisis recovery which increased deficit and debt levels followed by fiscal consolidation during 2010-12 when recovery took hold. The weak execution of the budget in 2013 and policy uncertainty were largely responsible for the growth slowdown during the year. Tackling the growth and jobs agenda in Georgia will require significant investment in human and physical capital and the government has a large role to play here. Additional spending, where it is needed, should be undertaken within the fiscal consolidation agenda of the government, designed to help restore the macroeconomic buffers needed to secure stability and sustain confidence in the future. The change in government in 2012 marked a shift in fiscal policy with prioritization of recurrent social expenditures over capital spending, thereby, increasing budget rigidity. During 2012-13, the government raised the benefit levels under the targeted social assistance (TSA) and pensions and introduced universal health care (UHC). As a result, the fiscal deficit is likely to increase from 2.6 percent of gross domestic product (GDP) in 2013 to 3.7 percent in 2014. Over the medium term, an aging population and the need to improve health outcomes and coverage of the poor in social assistance programs will keep social expenditures high at more than 9 percent of GDP. The share of capital expenditures will level off, meanwhile. Such an outcome will reduce the government s flexibility in trimming current expenditures in the future.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19901663/georgia-public-expenditure-review-vol-2-2-background-notes
dc.identifier.doi10.1596/19302
dc.identifier.urihttps://hdl.handle.net/10986/19302
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY SYSTEM
dc.subjectACCOUNTING
dc.subjectALLOCATION
dc.subjectANALYSIS OF SERVICE DELIVERY
dc.subjectANALYTICAL SKILLS
dc.subjectANNUAL BUDGET
dc.subjectANNUAL BUDGET PREPARATION
dc.subjectANNUAL BUDGETS
dc.subjectANNUAL REPORT
dc.subjectAPPROPRIATION
dc.subjectARTICLE
dc.subjectASSET MANAGEMENT
dc.subjectAUDITORS
dc.subjectBALANCE SHEET
dc.subjectBANK POLICY
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBID
dc.subjectBIDDERS
dc.subjectBIDS
dc.subjectBUDGET ALLOCATION
dc.subjectBUDGET ALLOCATIONS
dc.subjectBUDGET CLASSIFICATION
dc.subjectBUDGET CODE
dc.subjectBUDGET DECISIONS
dc.subjectBUDGET DEPARTMENT
dc.subjectBUDGET DOCUMENTATION
dc.subjectBUDGET ENTITY
dc.subjectBUDGET ESTIMATES
dc.subjectBUDGET LAW
dc.subjectBUDGET PLANNING
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET PROCESS
dc.subjectBUDGET YEAR
dc.subjectBUDGETARY APPROPRIATIONS
dc.subjectBUDGETARY PROCESS
dc.subjectBUDGETARY RESOURCES
dc.subjectCAPITAL ASSETS
dc.subjectCAPITAL BUDGET
dc.subjectCAPITAL BUDGETING
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL SPENDING
dc.subjectCAPITAL TRANSFERS
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCASH INFLOW
dc.subjectCASH MANAGEMENT
dc.subjectCASH PLANNING
dc.subjectCENTRAL AGENCIES
dc.subjectCENTRAL GOVERNMENT
dc.subjectCHECKS
dc.subjectCITIES
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVE PROCUREMENT
dc.subjectCORRECTIVE ACTION
dc.subjectCOST ESTIMATES
dc.subjectCOST OF SERVICES
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCOST-EFFECTIVENESS
dc.subjectCREDIBILITY
dc.subjectDECISION-MAKERS
dc.subjectDECISION-MAKING
dc.subjectDECISION-MAKING PROCESS
dc.subjectDEGREE OF TRANSPARENCY
dc.subjectDISBURSEMENTS
dc.subjectDISCOUNT RATE
dc.subjectDISTRIBUTIONAL IMPACTS
dc.subjectDUTCH AUCTION
dc.subjectDWELLINGS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEQUIPMENT
dc.subjectEX POST EVALUATIONS
dc.subjectEXPENDITURE ALLOCATIONS
dc.subjectEXPENDITURE IMPLICATIONS
dc.subjectEXPENDITURE PLANNING
dc.subjectEXPENDITURE POLICY
dc.subjectEXPENDITURE PRIORITIES
dc.subjectEXPENDITURE PROGRAMS
dc.subjectEXPENDITURES
dc.subjectEXTERNAL ASSESSMENT
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCE MINISTRY
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT SYSTEMS
dc.subjectFINANCIAL PLANS
dc.subjectFINANCIAL REGULARITY
dc.subjectFINANCIAL RESOURCES
dc.subjectFOREIGN FINANCING
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHOUSING
dc.subjectINFORMAL PROCEDURES
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectINSTRUMENT
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDIT FINDINGS
dc.subjectINTERNAL AUDIT FUNCTION
dc.subjectINTERNAL AUDITS
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROL SYSTEMS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT BUDGETING
dc.subjectINVESTMENT BUDGETS
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT NEEDS
dc.subjectINVESTMENT PLANNING
dc.subjectINVESTMENT PLANS
dc.subjectINVESTMENT PORTFOLIOS
dc.subjectINVESTMENT PRIORITIES
dc.subjectINVESTMENT PROCEDURES
dc.subjectINVESTMENT PROGRAM
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTMENT STRATEGIES
dc.subjectLEGAL FRAMEWORK
dc.subjectLIABILITY
dc.subjectMEDIUM-TERM EXPENDITURE
dc.subjectMEDIUM-TERM EXPENDITURE FRAMEWORK
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY VALUES
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL INVESTMENT
dc.subjectNATIONAL POLICY
dc.subjectNATIONAL STRATEGY
dc.subjectOPPORTUNITIES FOR CORRUPTION
dc.subjectPERFORMANCE ASSESSMENT
dc.subjectPERFORMANCE AUDIT
dc.subjectPERFORMANCE AUDITS
dc.subjectPERFORMANCE INDICATORS
dc.subjectPERFORMANCE MANAGEMENT
dc.subjectPERFORMANCE MANAGEMENT SYSTEM
dc.subjectPORTFOLIO
dc.subjectPOSSESSION
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE SECTOR
dc.subjectPROCUREMENT PLANS
dc.subjectPROCUREMENT POLICIES
dc.subjectPROCUREMENT PROCESS
dc.subjectPROCUREMENT SYSTEMS
dc.subjectPROGRAM BUDGETING
dc.subjectPROGRAM OBJECTIVES
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC BUILDINGS
dc.subjectPUBLIC CAPITAL
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FINANCIAL RESOURCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC MONEY
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICES
dc.subjectQUALITY ASSURANCE
dc.subjectRECURRENT COST
dc.subjectRECURRENT EXPENDITURE
dc.subjectRECURRENT EXPENDITURES
dc.subjectREFORM EFFORTS
dc.subjectREGIONAL DEVELOPMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESERVE
dc.subjectRESERVE FUNDS
dc.subjectRETURNS
dc.subjectROAD NETWORK
dc.subjectROAD TRAFFIC
dc.subjectSANITATION
dc.subjectSECTOR EXPENDITURE
dc.subjectSELF-ASSESSMENT
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVIDERS
dc.subjectSOCIAL BENEFITS
dc.subjectSTATE BUDGET
dc.subjectSTATEMENT
dc.subjectSTREET LIGHTING
dc.subjectSUB-NATIONAL GOVERNMENTS
dc.subjectSUPREME AUDIT INSTITUTIONS
dc.subjectTAX
dc.subjectTENDERING
dc.subjectTENDERS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY SYSTEM
dc.subjectTURNOVER
dc.subjectUNCERTAINTY
dc.subjectURBAN AREAS
dc.subjectVALUATION
dc.subjectWELFARE STATE
dc.subjectWRITTEN RECORDS
dc.titleGeorgia Public Expenditure Review : Diagnostics of Public Investment Management Systemen
dspace.entity.typePublication
okr.date.disclosure2014-07-31
okr.date.doiregistration2025-05-07T10:09:50.258583Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19901663/georgia-public-expenditure-review-vol-2-2-background-notes
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid779561468275119198
okr.guid935771468031592924
okr.identifier.externaldocumentum000333037_20140731104754
okr.identifier.internaldocumentum19901663
okr.identifier.report78143
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/31/000333037_20140731104754/Rendered/PDF/781430GE0v20RE0Box0385291B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryGeorgia
okr.sectorPublic Administration, Law, and Justice :: Sub-national government administration
okr.sectorEducation :: Pre-primary education
okr.sectorEducation :: Secondary education
okr.sectorEducation :: Vocational training
okr.sectorHealth and other social services :: Health
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeEconomic management :: Macroeconomic management
okr.themePublic sector governance :: Decentralization
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.themeHuman development :: Education for all
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPublic Sector Expenditure Policy
okr.topicHousing and Human Habitats
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Development
okr.topicCommunities and Human Settlements
okr.unitMacro & Fiscal Mgmt - GP (GMFDR)
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