Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi
The purpose of this PEFA assessment is to provide an objective analysis of the present performance of the PFM system in the City of Batumi against the PEFA indicators. This PEFA provides an assessment of PFM in the municipality and establishes a PE...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/154871542314042695/Georgia-Public-Expenditure-and-Financial-Accountability-Performance-Assessment-Report-City-of-Batumi http://hdl.handle.net/10986/31001 |
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okr-10986-310012021-05-25T09:20:17Z Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi World Bank Group PUBLIC FINANCIAL MANAGEMENT BUDGET RELIABILITY TRANSPARENCY PUBLIC FINANCE FISCAL RISK PUBLIC INVESTMENT MANAGEMENT DEBT MANAGEMENT PUBLIC EXPENDITURE BUDGET EXECUTION AUDITING ACCOUNTING FINANCIAL REPORTING The purpose of this PEFA assessment is to provide an objective analysis of the present performance of the PFM system in the City of Batumi against the PEFA indicators. This PEFA provides an assessment of PFM in the municipality and establishes a PEFA baseline using the 2016 PEFA methodology. The assessment covered expenditures by subnational government budgetary units. Revenues are collected by the Georgia Revenue Services on behalf of the municipality and this was considered not applicable. There are no extra-budgetary units and no local government below the municipality level. The assessment team visited the municipality from June 5 to 9, 2018 (fieldwork for the assessment). The financial years covered for indicators that required assessing over three years are 2015 to 2017. Overall, the results of the PEFA show that public financial management systems in the City of Batumi are strong and improved as the PFM Reform Action Plan has been implemented. The aggregate expenditure side of the budget performs largely according to plan. The Georgian Treasury consolidates cash balances in the treasury single account on a daily basis. A cash flow forecast is prepared annually for the year to come and is updated quarterly on the basis of actual inflows and outflows often due to relatively frequent supplementary budget. Budgetary units are able to plan and commit expenditure for one year in advance on the basis of quarterly ceilings, in accordance with the budgeted appropriations and commitment releases. An overriding feature of PFM in the Georgia both at the Central and Subnational levels of government has been the development and good use of Information Technology in budget preparation, budget execution (accounts, commitment control, and cash management), personnel and payroll, revenue services, and procurement. The application of the IT has been developed in-country based on business processes in each of the subject areas (redefined as necessary) and not on the reconfiguration of business practices to suit software. This adoption of IT solutions combined with the internet as a vehicle for its implementation by competent and trained personnel (with appropriate control) has been fundamental to the development of strengths in PFM. The integration of IT, internet and personnel has resulted in PFM’s positive effectiveness and efficiency. 2018-12-18T18:20:46Z 2018-12-18T18:20:46Z 2018-10 Report http://documents.worldbank.org/curated/en/154871542314042695/Georgia-Public-Expenditure-and-Financial-Accountability-Performance-Assessment-Report-City-of-Batumi http://hdl.handle.net/10986/31001 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work Europe and Central Asia Georgia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PUBLIC FINANCIAL MANAGEMENT BUDGET RELIABILITY TRANSPARENCY PUBLIC FINANCE FISCAL RISK PUBLIC INVESTMENT MANAGEMENT DEBT MANAGEMENT PUBLIC EXPENDITURE BUDGET EXECUTION AUDITING ACCOUNTING FINANCIAL REPORTING |
| spellingShingle |
PUBLIC FINANCIAL MANAGEMENT BUDGET RELIABILITY TRANSPARENCY PUBLIC FINANCE FISCAL RISK PUBLIC INVESTMENT MANAGEMENT DEBT MANAGEMENT PUBLIC EXPENDITURE BUDGET EXECUTION AUDITING ACCOUNTING FINANCIAL REPORTING World Bank Group Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| geographic_facet |
Europe and Central Asia Georgia |
| description |
The purpose of this PEFA assessment is
to provide an objective analysis of the present performance
of the PFM system in the City of Batumi against the PEFA
indicators. This PEFA provides an assessment of PFM in the
municipality and establishes a PEFA baseline using the 2016
PEFA methodology. The assessment covered expenditures by
subnational government budgetary units. Revenues are
collected by the Georgia Revenue Services on behalf of the
municipality and this was considered not applicable. There
are no extra-budgetary units and no local government below
the municipality level. The assessment team visited the
municipality from June 5 to 9, 2018 (fieldwork for the
assessment). The financial years covered for indicators that
required assessing over three years are 2015 to 2017.
Overall, the results of the PEFA show that public financial
management systems in the City of Batumi are strong and
improved as the PFM Reform Action Plan has been implemented.
The aggregate expenditure side of the budget performs
largely according to plan. The Georgian Treasury
consolidates cash balances in the treasury single account on
a daily basis. A cash flow forecast is prepared annually for
the year to come and is updated quarterly on the basis of
actual inflows and outflows often due to relatively frequent
supplementary budget. Budgetary units are able to plan and
commit expenditure for one year in advance on the basis of
quarterly ceilings, in accordance with the budgeted
appropriations and commitment releases. An overriding
feature of PFM in the Georgia both at the Central and
Subnational levels of government has been the development
and good use of Information Technology in budget
preparation, budget execution (accounts, commitment control,
and cash management), personnel and payroll, revenue
services, and procurement. The application of the IT has
been developed in-country based on business processes in
each of the subject areas (redefined as necessary) and not
on the reconfiguration of business practices to suit
software. This adoption of IT solutions combined with the
internet as a vehicle for its implementation by competent
and trained personnel (with appropriate control) has been
fundamental to the development of strengths in PFM. The
integration of IT, internet and personnel has resulted in
PFM’s positive effectiveness and efficiency. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| title_short |
Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| title_full |
Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| title_fullStr |
Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| title_full_unstemmed |
Georgia Public Expenditure and Financial Accountability Performance Assessment Report : City of Batumi |
| title_sort |
georgia public expenditure and financial accountability performance assessment report : city of batumi |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/154871542314042695/Georgia-Public-Expenditure-and-Financial-Accountability-Performance-Assessment-Report-City-of-Batumi http://hdl.handle.net/10986/31001 |
| _version_ |
1764473365621374976 |