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Economic Growth Quarterly Forecast - QII 2019
According to the Parliamentary Budget Office estimates, real GDP growth in Q2 2019 will reach 4.6%. Expected GDP growth is driven by both absorption (2.8%) and net exports (1.7%) components. Read More -
STATE BUDGET PERFORMANCE - APRIL, 2019
Monthly review of 2019 state budget briefly reflects execution process of the state budget in January-April. Performance of the main indicators for the reporting period are as follows: State budget receipts are 28.8% of the annual plan and 3.9% less than the same period last year.State budget outlays are 28.9% of the annual plan and 8.7% more than the same period last year.State budget incurrence of liabilities equals to 285.3 million GEL, while payment of liabilities equals to 260.6 million GEL. For more details see the complete document (available in Georgian). Read More -
Impact of Public Capital Investment on the economy: empirical review
Together with private investment, public investment, especially investment in infrastructure, plays a major role in economic development both for developed and developing, low-income countries.Despite significant potential benefits of public investment on an aggregate level, its management in practice comes with many challenges, with the size and direction of public capital investment impact on output remaining an issue of debate. Naturally, the economic benefits of individual projects are estimated by appropriate analysis (i.e. cost-benefit analysis). However, on an aggregate level, the impact of public investment on economic growth is determined by several factors, e.g. source of financing, economic cycle, type of investment Read More -
Reporting and management of fiscal risks: International Framework and Georgia
According to international practice, fiscal risk is defined as fiscal aggregates deviation opportunity from expected indicators, which were defined during budget planning phase or formation of fiscal forecasts. Ignorance or inefficient management of these risks leads to increase of state liabilities (i.e., as a result of the sudden changes in macroeconomic environment extra expenses of the state budget or deviations from the expected level of revenues), difficulty of refinancing and endanger the state's short and medium-term fiscal sustainability. From the possible negative influence is derived the need for adequate analysis, reporting and management in this regard. Depending on the above mentioned importance, international Read More
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News
On April 16, the working meeting of the …
18-04-2019
On April 16 2019, the working meeting of the parliament and US Congress staff was organized by the parliamentary training center, national democratic institute (NDI) and international republican institute of...
Training cycle on data visual communicat…
21-03-2019
Topics discussed during the training included the history of visual communication as well as human and computer communication, as well as modern methods of data visualization and the possibilities of...
Representatives of the Parliamentary bud…
06-03-2019
Tatia Khetaguri, head of the budget office of parliament of Georgia, Shorena Kakhidze, Vakhtang Chalapeikrishvili and Natia Tsikvadze representatives of the budget office met with representatives of the Canadian Parliamentary...
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