Challenges related to Public Financial Management at the Municipal Level in Georgia
Challenges related to Public Financial Management at the Municipal Level in Georgia

Author(s): Shorena Kakhidze
Subject(s): Public Administration, Public Finances, Fiscal Politics / Budgeting
Published by: EECMD - Eastern European Centre for Multiparty Democracy
Summary/Abstract: In the context of Georgia’s decentralization, the focus is on areas related to the financial management of municipalities. Budget execution (accounting and bookkeeping) and procurement systems are generally common to central and subnational governments. In the context of municipal governance, areas such as budget development and oversight require special attention. Public financial management evaluations have identified several areas that need to be improved. In particular, municipal financial management operations, accounting, and reporting in accordance with international standards and practices are planned as medium-term local-government tasks along with increasing accountability and transparency in municipal public finances.

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