Delegation of the European Union to Georgia

EU4 Economic Governance and Fiscal Accountability

03/11/2018 - 21:00
Rule of Law

2018-2024

EU contribution EUR 18 640 000

 

Over the past fifteen years Georgia has undertaken significant economic, social and governance reforms resulting in progress in reforming the role of the state vis-à-vis the private sector, in reducing corruption, and in developing a more favourable environment for business. In the strategic policy framework, public finance reforms are recognized by the Georgian authorities as an important element of economic policy, and a special emphasis is therefore put on efficiency and transparency of public finances.

 

The general objective of this programme is to reinforce economic governance and democratic accountability in Georgia. The specific objective is to strengthen fiscal governance through enhanced budgetary frameworks, external audit, independent monitoring as well as civic participation in and oversight of public finances. Expected results are strengthened fiscal governance framework; strengthened independence and capacity of external audit; and strengthened oversight of public finances.

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