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21 January, 2013

2013 State Budget: Analysis and Recommendations

The 2013 state budget has increased by a total of GEL 657 million compared to 2012, a rise of 8.1%. The 2013 budget reflects priorities of the new administration, which are agriculture, healthcare and social security, education and science. The government began the process of implementing its commitments in these priority areas in December 2012.

17 January, 2013

Is the UNM Predicted Budgetary Crisis in Sight?

At a January 15, 2013 press-conference Vano Merabishvili, Secretary General of the United National Movement (UNM), warned of an impending budgetary crisis. Below is our examination of the UNM arguments. UNM Secretary General said: A budgetary crisis is setting in, signaled by decrease in tax revenues.

06 March, 2012

Georgian Budget Code Encouraging Lack of Transparency

This is the second in a two-part series of blog posts on changes to Georgia's Budget Code. Read the first post here. 1.Lax Responsibility Accounting for Variations between Originally Approved and Revised Appropriations

27 February, 2012

Pulling Backwards on Budgetary Planning

The Government of Georgia (GoG) switched to programme budgeting as from January 1 2012, which means Georgian state budget needs to be rearranged thematically. The Ministry of Defence appropriation as well as other defence-related expenses, for instance, now need to be put under the programme for Defence and Security.

23 January, 2012

Supervision of Finance Sector Getting Tighter

A number of significant amendments enhancing the powers of the National Bank and Financial Monitoring Service have recently been made to the legislation on financial regulation.

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