Publication:
Georgia : Public Expenditure and Financial Accountability Assessment 2012

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-02-03T16:03:54Z
dc.date.available2014-02-03T16:03:54Z
dc.date.issued2013-09
dc.description.abstractGeorgia has advanced significantly its budgetary and financial managements systems since the previous PEFA assessment Report of 2008. The basic set of systems has been put in place for strategic budget planning, budget formulation and execution. The integrated public financial management system is being implemented and according to the Ministry of Finance (MoF), several key modules are already in place. These include treasury operations, spending institutions, budget preparation, payroll and external and internal debt management modules introduced by the MoF financial analytical service in January 2012. The full launch of the system is expected by the end of 2013. The introduction of international good practice in the budget cycle of the Government is well advanced, including robust systems for budget preparation, adequate chart of accounts, reliable execution (including accounting and reporting,) and sufficient controls. Important progress has been achieved on the front of program-based budgeting, furthering the Government's objective of greater results-focus in fiscal planning. The concept of program-based budgeting was adopted in the 2009 budget code, and significant advances has been made since then, reaching all the way to the full presentation of the 2012 draft budget in program forms to the Parliament of Georgia. Legal framework governing public procurement was further amended, Electronic Government Procurement (E-GP) introduced in 2011, and linked to the Treasury's information system thus providing for full information sharing. All the above reform initiatives were implemented to address the weaknesses identified by 2008 PEFA assessment in such areas as external control system, personnel and payroll, public procurement, and reporting of high quality consolidated financial statements.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/09/18286451/georgia-public-expenditure-financial-accountability-pefa-assessment-2012
dc.identifier.doi10.1596/16793
dc.identifier.urihttps://hdl.handle.net/10986/16793
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET FORMULATION
dc.subjectBUDGET PLANNING
dc.subjectBUDGET PREPARATION
dc.subjectDEBT MANAGEMENT
dc.subjectINFORMATION SHARING
dc.subjectPAYROLL
dc.subjectPROCUREMENT
dc.subjectPROGRAM-BASED BUDGETING
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectSPENDING INSTITUTIONS
dc.subjectTREASURY OPERATIONS
dc.titleGeorgia : Public Expenditure and Financial Accountability Assessment 2012en
dspace.entity.typePublication
okr.date.disclosure2013-09-23
okr.date.doiregistration2025-05-07T10:02:00.112854Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/09/18286451/georgia-public-expenditure-financial-accountability-pefa-assessment-2012
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid769531468031544786
okr.identifier.externaldocumentum000333037_20130923113645
okr.identifier.internaldocumentum18286451
okr.identifier.report81142
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/09/23/000333037_20130923113645/Rendered/PDF/811420PER0P1310Box0379831B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryGeorgia
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themePublic sector governance::Public expenditure, financial management and procurement
okr.themePublic sector governance::Tax policy and administration
okr.topicPublic Sector Expenditure Policy
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPublic Sector Development
okr.unitPSIR (ECSP4)
okr.volume1 of 1
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