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PFM Reforms After the Global Crisis in Georgia

PFM Reforms After the Global Crisis in Georgia

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PFM Reforms
After the Global Crisis in Georgia

Nino Tchelishvili
PFM Reforms
After the Global Crisis in Georgia

Nino Tchelishvili

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08/16/2013

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PFM REFORMSAFTER THE GLOBAL CRISIS IN GEORGIA
Nino TchelishviliMay, 2013
 
CONTENT
Global Crisis in Numbers
Immediate Remedial Actions
PFM Strategy for 2009-2013
Strategic Planning and Program Budgeting, E-Budgeting
Electronic Treasury and Integrated Public FinancialManagement Information Systems
Implementation of International Public SectorAccounting Standards (IPSAS)
 
PRECONDITIONS TO CRISIS
Economic growth at its historical maximum inGeorgia
 –
2007;
Eurobonds Issued
 –
500 mln USD, April 2008;
Sovereign Wealth Funds Established ;
First Signs of Crisis in Banking Sector Q2, 2008,than in real sector.
Situation Deteriorated by the Conflict, August2008
Treasury PFM Reforms

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