Publication: Georgia - Public Expenditure and Financial Accountability (PEFA) : Joint World Bank-European Commission Public Financial Management Assessment, Programmatic Public Finance Policy Review
Date
2008-11
ISSN
Published
2008-11
Author(s)
World Bank
Abstract
This Public Expenditure and Financial
Accountability (PEFA) assessment provides an updated and
systematic diagnostic of the Public Financial Management
(PFM) system in Georgia and provides mid-2007 as a base line
for complementing the Government's efforts to monitor
progress in the PFM reforms going forward. This summary
presents: (i) an assessment of Georgia's PFM
performance in applying the PEFA Performance Measurement
Framework structured across six dimensions; (ii) an
assessment of the impact of PFM weaknesses; and (iii) an
assessment of the institutional framework underpinning the
prospects for PFM reform. There are, however, areas in the
existing internal and external control system, personnel and
payroll, public procurement, and reporting of high quality
consolidated financial statements that are in need of
continued reform to further enhance the effectiveness of the
PFM. It is envisaged that this assessment will contribute to
the government reform agenda by highlighting the areas in
which reform has succeeded and those in which weaknesses
remain. The assessment will also serve the donor community
in directing its assistance programs in those areas of
public financial management where the Government's PFM
strategy can be further strengthened.
Citation
“World Bank. 2008. Georgia - Public Expenditure and Financial Accountability (PEFA) : Joint World Bank-European Commission Public Financial Management Assessment, Programmatic Public Finance Policy Review. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/44cb72ea-fd99-5fda-a205-4838601b0ce7 License: CC BY 3.0 IGO.”