World Bank2012-06-122012-06-122008-11https://hdl.handle.net/10986/7881This 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.en-USCC BY 3.0 IGOACCOUNTINGAGGREGATE EXPENDITUREAGGREGATE FISCALAGGREGATE FISCAL DISCIPLINEAGGREGATE REVENUEALLOCATIONANNUAL BUDGETANNUAL FINANCIAL STATEMENTSANNUAL REPORTANNUAL REPORTSAPPROPRIATIONAPPROPRIATIONSAUDIT FINDINGSAUDIT SYSTEMAUDITORSBUDGET CIRCULARBUDGET CLASSIFICATIONBUDGET CLASSIFICATION SYSTEMBUDGET COVERSBUDGET CREDIBILITYBUDGET CYCLEBUDGET DATABUDGET DEFICITBUDGET DISCUSSIONBUDGET DOCUMENTATIONBUDGET DOCUMENTSBUDGET ESTIMATESBUDGET EXECUTIONBUDGET EXPENDITUREBUDGET FORMULATIONBUDGET FRAMEWORKBUDGET LAWBUDGET OPERATIONSBUDGET OUTTURNBUDGET OUTTURNSBUDGET PLANBUDGET PLANNINGBUDGET PREPARATIONBUDGET PROCESSBUDGET PROPOSALBUDGET PROPOSALSBUDGET REVIEWBUDGET STATEMENTBUDGET SUPPORTBUDGET SYSTEMBUDGET YEARBUDGETARY ALLOCATIONSBUDGETARY IMPACTBUDGETARY OUTCOMESBUDGETARY PROCESSBUDGETARY RESOURCESCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL INFLOWSCAPITAL INVESTMENTSCASH BALANCESCASH BASISCASH FLOWSCASH MANAGEMENTCASH PLANCASH PLANNINGCENTRAL GOVERNMENTCORRUPTION IN GOVERNMENTDATA COLLECTIONDEBT BURDENDEBT MANAGEMENTDEBT SERVICEDEBT SERVICE PAYMENTSDEBT SUSTAINABILITYDECISION-MAKINGDEFICIT FINANCINGDOMESTIC DEBTDOMESTIC EXPENDITUREDOMESTIC REVENUEDONOR ASSISTANCEECONOMIC CLASSIFICATIONECONOMIC CONTROLECONOMIC FORECASTEXCHANGE RATEEXPENDITURE CONTROLEXPENDITURE DATAEXPENDITURE PLANSEXPENDITURE POLICIESEXPENDITURE POLICYEXTERNAL AUDITEXTERNAL CONTROL SYSTEMEXTERNAL DEBTEXTERNAL FINANCINGEXTERNAL SHOCKSEXTRA BUDGETARY FUNDSFINANCIAL ACCOUNTABILITYFINANCIAL ASSETSFINANCIAL CONTROLFINANCIAL FLOWSFINANCIAL MANAGEMENT SYSTEMFINANCIAL MANAGEMENT SYSTEMSFINANCIAL POSITIONFINANCIAL RESOURCESFINANCIAL STATEMENTSFINANCIAL SUPPORTFINANCIAL TRANSACTIONSFISCAL AGGREGATESFISCAL DEFICITFISCAL FORECASTSFISCAL INFORMATIONFISCAL POSITIONFISCAL RELATIONSFISCAL RISKFISCAL RISKSFISCAL TARGETSFISCAL TRANSPARENCYFISCAL YEARSGOVERNMENT BUDGETGOVERNMENT EXPENDITUREGOVERNMENT FINANCESGOVERNMENTAL FISCAL RELATIONSHEALTH CAREINFLATIONINFLATION RATEINFLATIONARY PRESSURESINTEREST PAYMENTSINTERNAL AUDITINTERNAL AUDIT SYSTEMSINTERNAL CONTROLINTERNAL CONTROL SYSTEMSINTERNAL CONTROLSLOCAL GOVERNMENT BUDGETSMACROECONOMIC MANAGEMENTMACROECONOMIC POLICYMACROECONOMIC VARIABLESMANAGING PUBLIC EXPENDITUREMARKET DISTORTIONMEDIUM TERM EXPENDITUREMEDIUM TERM EXPENDITURE FRAMEWORKMILITARY EXPENDITURESMISMANAGEMENTMUNICIPALITIESNATIONAL ACCOUNTSNATIONAL BANKNATIONAL PRIORITIESNET LENDINGPERFORMANCE INDICATORSPERFORMANCE MEASUREMENTPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGYPRIVATE INVESTMENTPRIVATE SECTORPROGRAMSPUBLIC CAPITALPUBLIC DEBTPUBLIC EXPENDITUREPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCESPUBLIC FINANCIAL MANAGEMENTPUBLIC GOODSPUBLIC LAWPUBLIC PROCUREMENTPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR ENTITIESPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC SPENDINGRECURRENT EXPENDITURESREFORM AGENDAREFORM EFFORTSREFORM PROCESSREFORM PROGRAMREFORM STRATEGYRESOURCE ALLOCATIONREVENUE POLICYROAD FUNDSECTORAL BUDGETSECTORAL POLICIESSOCIAL ASSISTANCESOCIAL CONTRIBUTIONSSOCIAL INSURANCESOCIAL SECURITYSTATE BUDGETSTRATEGIC ALLOCATIONSTRUCTURAL REFORMSTRUCTURAL REFORMSSUB-NATIONAL GOVERNMENTSSUPREME AUDIT INSTITUTIONSUSTAINABILITY ANALYSISTAX ADMINISTRATIONTAX COLLECTIONTAX PAYMENTSTAX POLICYTAX REFORMTAX REVENUETAX REVENUESTAXPAYERSTOTAL EXPENDITURETOTAL EXPENDITURESTRANSPARENCYTREASURY MODERNIZATIONTREASURY SYSTEMWEAK BUDGET EXECUTIONWorld Bank10.1596/7881