2016 was the year of refining what was built through 2015 – year to learn from the first steps and ensure that PBO is sustanabile and effective independent fiscal institution already recognized in existing fiscal architecture. Over the course of the year our team has continuied to build its skills and technical capacity to deal with the outlined obligations through continuous capacity building and improvemenets in reporting policy.
This report reflects the main areas of activities of the Parliamentary Budget Office during 2015. I hope, that the steps already made and future effort of our team will become the pledge for strengthening the Parliamentary Budget Office as an independent, objective and reliable fiscal institution within current fiscal architecture.
The Parliamentary Budget Office of Georgia has a long history of existence, though as a result of institutional reforms implemented in 2014 the Parliamentary Budget Office of Georgia was formed as an independent structural unit within the system of the Parliament of Georgia whose main goal is to promote strengthening of Parliamentary oversight over state finance management through independent and impartial analyses of fiscal policy implemented by executive Government and hence, to promote transparent management of state finances and fiscal sustainability in medium and long-term period.