Public Finance Management Reform in Georgia: Achievements and Rankings
Public Finance Management Reform in Georgia has made significant strides through initiatives such as introducing the Medium-Term Expenditure Framework (MTEF) and adopting a Program Budgeting approach. The country has developed a robust legal framework, including the Organic Law on Economic Freedom, to enhance fiscal discipline. The Ministry of Finance's coordination efforts with various stakeholders ensure transparency and accountability in budgeting processes. Georgia's high ranking in the Open Budget Survey reflects its commitment to public participation and financial transparency.
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Ministry of Finance of Georgia GIFT GENERAL STEWARDS MEETING Opening session: GIFT Stewards: Plans, commitments and updates August 24, 2020 Natia Gulua Tbilisi, Georgia Deputy Head of Budget Department Ministry of Finance of Georgia E-mail: n.gulua@mof.ge
Content Public Finance Management Reform Open Budget Survey 2019 - Georgia Future Plans - 2020-2021 Budget Transparency Action Plan - Georgia
Public Finance Management Reform Introducing MTEF and Improving main aspects of budgeting; Adopting New Budget Code in 2009; Developing a legal framework for fiscal discipline by adopting Organic Law on Economic Freedom (Liberty Act); Establishing electronic system (e-PFMs) which is fully harmonized for budgeting and treasury since 2012; Moving to Program Budgeting since 2012; Since 2009 MOF approves PFM strategy (2009-2012; 2014-2017; 2018-2021) and Annual Action plans for each year for the implementation of PFM strategy; PFM coordination Council is operational which involves Parliament, MOF, State Audit Office, Public Procurement Agency, Civil Society and Donor organizations; Government provides extensive information to the public (machine-readable format data) Pre-Budget Statement, Executive s Budget Proposal, Enacted Budget, Citizens Budget, In-Year Report, Mid-Year Review, Year-end Report, Audit Report; All Budget Documentation is available at the MOF web-site
Open Budget Survey - 2006-2019 82 81 66 55 55 53 34 2006 2008 2010 2012 2015 2017 2019 Minimal (21-40) Limited (41-60) Limited (41-60) Limited (41-60) Substantial (61-80) Extensive (81-100) Extensive (81-100) OBI Ranking - Georgia 2019 5 2017 5 2015 16 2012 33 2010 34
Open Budget Survey Ranking 2019 in Public Participation ( (Top 20 Countries) South Korea 61 United Kingdom 61 New Zealand 54 Australia 41 Guatemala 35 Mexico 35 Zimbambwe 33 Kyrgiz Republic 33 Ukraine 33 Democratic Republic of Congo 31 Dominican Republic 31 Philippines 31 Ecuador 28 Georgia Ranks #14 among 117 countries assessed Georgia 28 Portugal 26 Bulgaria 26 Canada 26 Peru 26 Poland 24 South Africa 24
2020-2021 Budget Transparency Action Plan Better targeting citizens through Open Data Platforms to make it easy and user-friendly 1. To Improve Budget Transparency and Participation electronic System (eBTPS.mof.ge) Considering User Needs of Information 2020-2021 Budget Department of MOF Public Relations Unit of MOF LEPL Financial-Analytical Service of MOF 2. To Prepare Communication Strategy and Action plan of Implementing eBTPS system in the Pilot Ministries 3rd quarter 2020 Public Relations Units of the Pilot Ministries Coordinated by Public Relations Department of MOF; Budget Department of MOF; Pilot Ministries Ministry of Regional Development and Infrastructure and Ministry of Education, Science, Culture and Sport; Donor Support USAID 3. Report on Public Engagement in the Budget Planning Process though the eBTPS is reflected in the 2022 State Budget Law Package and submitted to the Parliament of Georgia 4th quarter 2021
