Public Finance Management System (GE0035)
Overview
At-a-Glance
Action Plan: Georgia, Second Action Plan, 2014-16
Action Plan Cycle: 2014
Status:
Institutions
Lead Institution: Financial Analytical Service of the Ministry of Finance, CSOs
Support Institution(s): Relevant MoF agencies, Ministry of Regional Development and Infrastructure, local governments, National Association of Local Authorities of Georgia; Association of Finance Officers of Georgian Local Self-Governing Units
Policy Areas
Debt, Fiscal Openness, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Georgia End-of-Term Report 2014-2016, Georgia IRM Progress Report 2014-2015
Early Results: Did Not Change
Design i
Verifiable: Yes
Relevant to OGP Values: No
Ambition (see definition): Low
Implementation i
Description
In the light of rapid development of ICTs and electronic services, implementation of E-Government system in public agencies is one of the top priorities of the Government of Georgia. Important priority is in addition implementation of Public Finance Management strategy, aimed at efficient allocation of State funds for determined priority areas and mobilization of revenues for the preserving financial stability. The above-mentioned strategy includes the development of integrated information system for public finance management, which will contribute to the further development of E-Government in Georgia.
Improvement of the PFMS integrated information system is planned to be achieved through the following advancements:
- Further development of State Treasury electronic service system (eTreasury) and implementation in all fiscal organizations, legal entities and relevant bodies of local governments. The system will enable all payments to be executed electronically.
- Further development of electronic system for State budget planning (eBudget) - will be implemented in all fiscal organizations, including relevant bodies of local governments.
- Further development of information system of State debt management and investment projects (eDMS) represents collection of tools for managing State internal debt and loans. It aims to gather all relevant information regarding State debts, loans and grants and thus ensure access to trustworthy and exhaustive information on financial related areas.
- Further development of online auction of State-owned property (eAuction) - unique system of buying and selling goods, which was initiated by the relevant LEPLs of the Ministry of Finance of Georgia, aimed to dispose state-owned property through auctions. As a result, nowadays, both private and legal persons can purchase state or private property and place their property for sale online without leaving their homes or offices.