Georgia - Public Expenditure and Financial Accountability (PEFA) : Joint World Bank-European Commission Public Financial Management Assessment, Programmatic Public Finance Policy Review

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.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2008-11
Subjects:	ACCOUNTING, AGGREGATE EXPENDITURE, AGGREGATE FISCAL, AGGREGATE FISCAL DISCIPLINE, AGGREGATE REVENUE, ALLOCATION, ANNUAL BUDGET, ANNUAL FINANCIAL STATEMENTS, ANNUAL REPORT, ANNUAL REPORTS, APPROPRIATION, APPROPRIATIONS, AUDIT FINDINGS, AUDIT SYSTEM, AUDITORS, BUDGET CIRCULAR, BUDGET CLASSIFICATION, BUDGET CLASSIFICATION SYSTEM, BUDGET COVERS, BUDGET CREDIBILITY, BUDGET CYCLE, BUDGET DATA, BUDGET DEFICIT, BUDGET DISCUSSION, BUDGET DOCUMENTATION, BUDGET DOCUMENTS, BUDGET ESTIMATES, BUDGET EXECUTION, BUDGET EXPENDITURE, BUDGET FORMULATION, BUDGET FRAMEWORK, BUDGET LAW, BUDGET OPERATIONS, BUDGET OUTTURN, BUDGET OUTTURNS, BUDGET PLAN, BUDGET PLANNING, BUDGET PREPARATION, BUDGET PROCESS, BUDGET PROPOSAL, BUDGET PROPOSALS, BUDGET REVIEW, BUDGET STATEMENT, BUDGET SUPPORT, BUDGET SYSTEM, BUDGET YEAR, BUDGETARY ALLOCATIONS, BUDGETARY IMPACT, BUDGETARY OUTCOMES, BUDGETARY PROCESS, BUDGETARY RESOURCES, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL INFLOWS, CAPITAL INVESTMENTS, CASH BALANCES, CASH BASIS, CASH FLOWS, CASH MANAGEMENT, CASH PLAN, CASH PLANNING, CENTRAL GOVERNMENT, CORRUPTION IN GOVERNMENT, DATA COLLECTION, DEBT BURDEN, DEBT MANAGEMENT, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT SUSTAINABILITY, DECISION-MAKING, DEFICIT FINANCING, DOMESTIC DEBT, DOMESTIC EXPENDITURE, DOMESTIC REVENUE, DONOR ASSISTANCE, ECONOMIC CLASSIFICATION, ECONOMIC CONTROL, ECONOMIC FORECAST, EXCHANGE RATE, EXPENDITURE CONTROL, EXPENDITURE DATA, EXPENDITURE PLANS, EXPENDITURE POLICIES, EXPENDITURE POLICY, EXTERNAL AUDIT, EXTERNAL CONTROL SYSTEM, EXTERNAL DEBT, EXTERNAL FINANCING, EXTERNAL SHOCKS, EXTRA BUDGETARY FUNDS, FINANCIAL ACCOUNTABILITY, FINANCIAL ASSETS, FINANCIAL CONTROL, FINANCIAL FLOWS, FINANCIAL MANAGEMENT SYSTEM, FINANCIAL MANAGEMENT SYSTEMS, FINANCIAL POSITION, FINANCIAL RESOURCES, FINANCIAL STATEMENTS, FINANCIAL SUPPORT, FINANCIAL TRANSACTIONS, FISCAL AGGREGATES, FISCAL DEFICIT, FISCAL FORECASTS, FISCAL INFORMATION, FISCAL POSITION, FISCAL RELATIONS, FISCAL RISK, FISCAL RISKS, FISCAL TARGETS, FISCAL TRANSPARENCY, FISCAL YEARS, GOVERNMENT BUDGET, GOVERNMENT EXPENDITURE, GOVERNMENT FINANCES, GOVERNMENTAL FISCAL RELATIONS, HEALTH CARE, INFLATION, INFLATION RATE, INFLATIONARY PRESSURES, INTEREST PAYMENTS, INTERNAL AUDIT, INTERNAL AUDIT SYSTEMS, INTERNAL CONTROL, INTERNAL CONTROL SYSTEMS, INTERNAL CONTROLS, LOCAL GOVERNMENT BUDGETS, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICY, MACROECONOMIC VARIABLES, MANAGING PUBLIC EXPENDITURE, MARKET DISTORTION, MEDIUM TERM EXPENDITURE, MEDIUM TERM EXPENDITURE FRAMEWORK, MILITARY EXPENDITURES, MISMANAGEMENT, MUNICIPALITIES, NATIONAL ACCOUNTS, NATIONAL BANK, NATIONAL PRIORITIES, NET LENDING, PERFORMANCE INDICATORS, PERFORMANCE MEASUREMENT, POVERTY REDUCTION, POVERTY REDUCTION STRATEGY, PRIVATE INVESTMENT, PRIVATE SECTOR, PROGRAMS, PUBLIC CAPITAL, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCES, PUBLIC FINANCIAL MANAGEMENT, PUBLIC GOODS, PUBLIC LAW, PUBLIC PROCUREMENT, PUBLIC RESOURCES, PUBLIC SECTOR, PUBLIC SECTOR ACCOUNTING, PUBLIC SECTOR ENTITIES, PUBLIC SERVICE, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, PUBLIC SPENDING, RECURRENT EXPENDITURES, REFORM AGENDA, REFORM EFFORTS, REFORM PROCESS, REFORM PROGRAM, REFORM STRATEGY, RESOURCE ALLOCATION, REVENUE POLICY, ROAD FUND, SECTORAL BUDGET, SECTORAL POLICIES, SOCIAL ASSISTANCE, SOCIAL CONTRIBUTIONS, SOCIAL INSURANCE, SOCIAL SECURITY, STATE BUDGET, STRATEGIC ALLOCATION, STRUCTURAL REFORM, STRUCTURAL REFORMS, SUB-NATIONAL GOVERNMENTS, SUPREME AUDIT INSTITUTION, SUSTAINABILITY ANALYSIS, TAX ADMINISTRATION, TAX COLLECTION, TAX PAYMENTS, TAX POLICY, TAX REFORM, TAX REVENUE, TAX REVENUES, TAXPAYERS, TOTAL EXPENDITURE, TOTAL EXPENDITURES, TRANSPARENCY, TREASURY MODERNIZATION, TREASURY SYSTEM, WEAK BUDGET EXECUTION,
Online Access:	http://documents.worldbank.org/curated/en/2008/11/10211833/georgia-public-expenditure-financial-accountability-pefa-joint-world-bank-european-commission-public-financial-management-assessment-programmatic-public-finance-policy-review https://hdl.handle.net/10986/7881
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