In the "Fiscal Transparency handbook" prepared by the International Monetary Fund in the current year parliamentary budget office activities are presented as good practices in the relevant component. The fiscal transparency handbook, prepared by the International Monetary Fund, aims to define the principles and practices defined by the IMF's Fiscal Transparency Code in 2014 and provide detailed instructions for implementation of these principles. Namely:
-Handbook specifies each component of the Fiscal Transparency Code and the dimensions and principles of the component.
- Handbook outlines the importance of each principle and the latest trends in its practice, indicating relevant international standards.
- Handbook describes the basic, good and best practices of each principle, indicating the benefits and challenges associated with achieving good/best practices. Examples of individual countries are also presented.
- Handbook determines indicators to assess compliance with the principles.
Activities of parliamentary budget office of Georgia are presented as principle implementation example of good practice (Table 3.32 p .87) of reliability of the Fiscal Transparency Code's Fiscal Forecasting and Budgeting Component ("Principle 2.4.1 Independent Evaluation: Macroeconomic and fiscal projections of the government and the results are subject to independent assessment"). It is also noteworthy that the best practice for implementation of same principle is the United Kingdom budget responsibility office and the US congressional budget office, with whom the budget office has had intensive business cooperation over the past few years (including the institutional strategic partnership).
The fiscal transparency handbook prepared by the International Monetary Fund can be found at: