Publication:
Georgia Public Expenditure Review: Selected Fiscal Issues

dc.contributor.author World Bank
dc.date.accessioned 2015-07-20T21:03:55Z
dc.date.available 2015-07-20T21:03:55Z
dc.date.issued 2015-06
dc.description.abstract Georgia has an impressive growth record but social vulnerabilities persist. It remains a challenge to tackle social vulnerabilities within a sustained macroeconomic framework. This programmatic public expenditure review (PER) assesses the alignment of selected fiscal programs with the government’s social objectives. Building on the analysis and recommendations of the 2014 PER, this PER analyzes the impact of recent reforms including the social programs that were either introduced or scaled up in 2013. It gives an overview of the recent macroeconomic and fiscal developments, including the fiscal implications of the social programs in chapter one. It addresses three questions in the rest of the report: (1) has the realignment of spending toward social sectors resulted in better distributional outcomes; (2) have the agriculture support programs been targeted at productivity growth to support real incomes in poor rural regions; and (3) what is the fiscal and equity impact of the ongoing decentralization process? The first question is addressed by combining micro household survey data with administrative fiscal data to analyze the distributional impact of both taxes and government spending on poverty and inequality in Georgia in chapter two. The second question is addressed by comparing the cost of new agriculture programs with their estimated impact on agricultural productivity in chapter three. Finally, the issue of regional inequalities is partially addressed by discussing three different aspects of the current decentralization process: the expected fiscal impact of decentralization, the need to rationalize current capital grant programs to make public investment more effective, and the implications of introducing free preschool education administered at the local government level in chapter four. en
dc.identifier http://documents.worldbank.org/curated/en/2015/07/24763033/georgia-public-expenditure-review-selected-fiscal-issues
dc.identifier.uri http://hdl.handle.net/10986/22259
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject CREDIT PROGRAM
dc.subject INCOME TAX EXEMPTION
dc.subject MONETARY POLICY
dc.subject NATIONAL SAVING
dc.subject EQUIPMENT
dc.subject ACCOUNTING
dc.subject CHECKS
dc.subject WAREHOUSE
dc.subject GOVERNMENT CAPACITIES
dc.subject DISABILITY PENSIONS
dc.subject INTEREST
dc.subject PUBLIC INVESTMENTS
dc.subject GOVERNMENT REVENUES
dc.subject OPTION
dc.subject REMITTANCE
dc.subject DEVELOPING COUNTRIES
dc.subject EXPORTERS
dc.subject REVENUES
dc.subject PORTFOLIO
dc.subject FISCAL POLICY
dc.subject CAPACITY BUILDING
dc.subject LOAN
dc.subject BUDGET CONSTRAINTS
dc.subject GOVERNMENT SUPPORT
dc.subject PUBLIC REGISTRY
dc.subject ALLOCATION OF CREDIT
dc.subject OIL PRICES
dc.subject ALLOCATION OF CAPITAL
dc.subject BENEFICIARY
dc.subject MARKET REFORMS
dc.subject CURRENCY
dc.subject EXPORT GROWTH
dc.subject COMMERCIAL BANK
dc.subject CAPITAL GAINS
dc.subject CAPITAL FORMATION
dc.subject INCOME INEQUALITY
dc.subject MONETARY FUND
dc.subject FINANCIAL INSTITUTIONS
dc.subject DEBT
dc.subject LOCAL GOVERNMENT
dc.subject PUBLIC FINANCE
dc.subject LAND OWNERSHIP
dc.subject CREDIT PROGRAMS
dc.subject CAPITAL INVESTMENTS
dc.subject INVENTORY
dc.subject FISCAL DEFICIT
dc.subject INVESTMENT DECISIONS
dc.subject LAND‐HOLDERS
dc.subject MARKET ECONOMY
dc.subject COMMERCIAL BANK LENDING
dc.subject HUMAN CAPITAL
dc.subject INTEREST PAYMENTS
dc.subject GOOD
dc.subject GOVERNMENT BUDGET
dc.subject TRANSPARENCY
dc.subject MARKET CONDITIONS
dc.subject FUTURE
dc.subject MOBILE PHONE
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject FIXED CAPITAL
dc.subject GOVERNMENT EXPENDITURE
dc.subject INVESTMENT PROJECTS
dc.subject ISSUANCE
dc.subject LOAN PORTFOLIO
dc.subject TAX RATES
dc.subject COMMERCIAL LOANS
dc.subject INSTITUTIONAL CAPACITY
dc.subject SHARES
dc.subject INVESTMENT CHOICES
dc.subject POLITICAL UNCERTAINTY
dc.subject PUBLIC DEBT
dc.subject TREASURY
dc.subject HOLDINGS
dc.subject INSURANCE
dc.subject CAPITAL GRANTS
dc.subject CURRENCIES
dc.subject MICROFINANCE
dc.subject ECONOMIC DEVELOPMENT
dc.subject FISCAL AUTONOMY
dc.subject TAX CODE
dc.subject BANK LOAN
dc.subject LOAN OFFICERS
dc.subject RATES OF RETURN
dc.subject COMMERCIAL BANKS
dc.subject FINANCIAL SUPPORT
dc.subject CONSUMER PRICE INDEX
dc.subject LENDING
dc.subject TRUST FUND
dc.subject MARKET REFORM
dc.subject PUBLIC SECTOR DEBT
dc.subject GOVERNMENT INVESTMENT
dc.subject INSTITUTIONAL CAPACITIES
dc.subject CAPITAL INVESTMENT
dc.subject PUBLIC SPENDING
dc.subject REMITTANCES
dc.subject LAND HOLDINGS
dc.subject CREDIT HISTORY
dc.subject FISCAL DECENTRALIZATION
dc.subject CREDIT MARKET
dc.subject INVESTING
dc.subject HOUSEHOLD INCOMES
dc.subject LIVING STANDARDS
dc.subject DEFICIT
dc.subject GOVERNMENT EXPENDITURES
dc.subject TAX EXEMPTION
dc.subject VARIABLE COSTS
dc.subject FINANCIAL MANAGEMENT
dc.subject STOCK
dc.subject FISCAL DEFICITS
dc.subject INFORMATION SYSTEM
dc.subject DOMESTIC BORROWING
dc.subject LOAN PERFORMANCE
dc.subject GUARANTEES
dc.subject GOVERNMENT SPENDING
dc.subject INTEREST RATE
dc.subject EXCHANGE
dc.subject LOCAL GOVERNMENTS
dc.subject TAX COLLECTION
dc.subject GOVERNMENT BUDGETING
dc.subject DISABILITY PENSION
dc.subject TAX
dc.subject INCOME TAX
dc.subject REFERENDUM
dc.subject BUDGETING
dc.subject BENEFICIARIES
dc.subject INFLATION
dc.subject PENSION
dc.subject DEVELOPING COUNTRY
dc.subject BANK LENDING
dc.subject BUDGET
dc.subject MATURITY
dc.subject MACROECONOMIC STABILITY
dc.subject FISCAL POLICIES
dc.subject AGRICULTURAL LOAN
dc.subject ACCESS TO FINANCING
dc.subject PERSONAL INCOME
dc.subject TRADING
dc.subject CORPORATE INVESTMENTS
dc.subject TAX EXEMPTIONS
dc.subject INTEREST RATES
dc.subject OPTIONS
dc.subject HOUSEHOLD INCOME
dc.subject PRIVATE INVESTMENT
dc.subject DEFICITS
dc.subject RETURN
dc.subject LENDERS
dc.subject DIRECT INVESTMENT
dc.subject LOANS
dc.subject TAX COLLECTIONS
dc.subject INVENTORIES
dc.subject RESERVES
dc.subject GROSS DOMESTIC PRODUCT
dc.subject CASH TRANSFERS
dc.subject FINANCE
dc.subject PUBLIC INVESTMENT
dc.subject TAXES
dc.subject EXPENDITURE
dc.subject INFRASTRUCTURE INVESTMENT
dc.subject EQUITY
dc.subject INCOME TAXES
dc.subject FOREIGN EXCHANGE RESERVES
dc.subject TAX RATE
dc.subject AGRICULTURAL LOANS
dc.subject CAPITAL GRANT
dc.subject FINANCIAL CRISIS
dc.subject PENSIONS
dc.subject CAPITAL GRANT ALLOCATIONS
dc.subject BUDGETS
dc.subject INTEREST RATE CAPS
dc.subject WORKING CAPITAL
dc.subject CONTRACT
dc.subject GOVERNMENT REVENUE
dc.subject REPAYMENT
dc.subject EXPENDITURES
dc.subject PROPERTY
dc.subject PROPERTIES
dc.subject MARKET
dc.subject FOREIGN EXCHANGE
dc.subject LEVY
dc.subject LAND TITLE
dc.subject MARKET RISKS
dc.subject INFRASTRUCTURE INVESTMENTS
dc.subject GRANT ALLOCATIONS
dc.subject INTERESTS
dc.subject GOODS
dc.subject FIXED ASSETS
dc.subject BANK LOANS
dc.subject SECURITY
dc.subject TRANSFER PAYMENTS
dc.subject INVESTMENT
dc.subject NATIONAL BANK
dc.subject SHARE
dc.subject TAX SYSTEM
dc.subject COLLATERAL
dc.subject INTEREST COSTS
dc.subject POVERTY
dc.subject TANGIBLE ASSETS
dc.subject DECENTRALIZATION
dc.subject REVENUE
dc.subject EXTERNAL DEBT
dc.subject PROFIT
dc.subject INVESTMENTS
dc.subject CHECK
dc.subject INTEREST RATE RISK
dc.subject EXCHANGE RATE
dc.subject INSTRUMENT
dc.subject REPAYMENT RISK
dc.subject GUARANTEE
dc.title Georgia Public Expenditure Review en
dc.title.subtitle Selected Fiscal Issues en
dc.type Report en
dc.type Rapport fr
dc.type Informe es
dspace.entity.type Publication
okr.date.disclosure 2015-07-07
okr.doctype Economic & Sector Work
okr.doctype Economic & Sector Work :: Public Expenditure Review
okr.docurl http://documents.worldbank.org/curated/en/2015/07/24763033/georgia-public-expenditure-review-selected-fiscal-issues
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Governance
okr.identifier.externaldocumentum 090224b082fe1075_1_0
okr.identifier.internaldocumentum 24763033
okr.identifier.report 96524
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/07/09/090224b082fe1075/1_0/Rendered/PDF/Georgia000Publ0lected0fiscal0issues.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Georgia
okr.sector Public Administration, Law, and Justice
okr.theme Economic management :: Macroeconomic management
okr.theme Public sector governance :: Public expenditure, financial management and procurement
okr.theme Public sector governance :: Tax policy and administration
okr.theme Social protection and risk management :: Poverty strategy, analysis and monitoring
okr.topic Macroeconomics and Economic Growth :: Subnational Economic Development
okr.topic Public Sector Development
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic Governance :: National Governance
okr.topic Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.unit Macro Fiscal Mgmt - GP (GMFDR)
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