The acting head of the Parliamentary Budget Office Tatia Khetaguri introduced the review "About the State Budget for 2016" prepared by the Budget Office during a concluding session of the Budget and Finance Committee. She focused on the issues such as
The staff members of the Parliament Committees had a chance to build links and share experiences at a workshop in September 2015, supported by the Westminster Foundation for Democracy.
The three-day event, held from Thursday 24 to Saturday 26, was covering the topic of strengthening Parliamentary budget oversight. The main themes discussed during the workshop were: the basic concepts of budgeting, unique features of program budgeting, the main objectives of parliamentary budget oversight. Chief specialist of the Unit of Macroeconomic Analyses and Tax Policy of the Parliamentary Budget Office – Vakhtang Chalapeikrishvili participated in this event. He held a presentation summarizing analytical
On September 25, 2015 with the support of the program of "USAID - Good Governance Initiative (GGI) in Georgia" the business meeting was held with the members of the Parliament and representatives of the committees about the recent activities of the Parliamentary Budget Office and State Audit Office. The aim of the meeting was to share opinions of the Parliament, as a main interested stakeholder about the State Audit Office, the Budget Office and the main products associated with parliamentary oversight for ensuring the future growth of the efficiency of the mentioned institutions. During the meeting, the Parliamentary Budget Office presented the report about local self-government finances, a periodic review format of the macroeconomic environment and introduced
On August 25-26, 2015 in the framework of the technical assistance provided by the European Union "To Support the Public Finance Policy and Management Reforms in Georgia", the EU Expert and professor of the University of Maryland Dr. Manouchehr Mokhtari conducted the two-day seminar for the Budget Office and the representatives of the committee. The seminar was about the main aspects of macroeconomic policy analysis.
During the seminar, several topics of evaluating public investments (cost-benefit analysis), evidence-based policy analysis, macroeconomic modelling and analysis from theoretical as well as from practical point of view were discussed.
On August 25-26, 2015 in the framework of the technical assistance provided by European Union to support to the Public Finance Policy and Management Reforms in Georgia, EU senior Expert Dr. Manouchehr Mokhtari within the work visit to the parliamentary budget office will conduct training about main aspects of macroeconomic policy analysis.
In the framework of the technical assistance provided by the European Union to support "The Public Finance Policy and Management Reforms in Georgia", the EU senior Expert Dr. Manouchehr Mokhtari visits the Parliamentary Budget Office of Georgia. The visit focuses on the assistance of the Budget Office in macroeconomic analysis/forecasting and cost-benefit analysis of legislative initiatives and includes both training and practical assistance in above-mentioned directions. Currently, trainings are held for the staff members of the Parliamentary Budget Office about theoretical and practical aspects of cost-benefit analyses.
On 7th July, 2015 the meeting was held between the members of the Parliament of Georgia and the representatives of the Budget Committee of the National Assembly of Armenia organized within the program of GIZ (Deutsche Gesellschaft fur lnternationale Zusammenarbeit) about "Public Finance Management in South Caucasia". The visit aimed to discuss and share experiences of two countries about reforms implemented to strengthen the parliamentary oversight and financial control of Government. The First Deputy of the Parliament Speaker – Manana Kobakhidze, the chairman of the Budget and Finance Committee - Tamaz Metchiauri and the first deputy of the chairman of the Committee – Nodar Ebanoidze from Georgia with the representatives of GIZ attended the meeting. The Acting Head of the Parliamentary Budget Office of Georgia – Tatia Khetaguri also attended the meeting.
On 30 June, 2015 within the program "Public Financial Management in the South Caucasus" of Deutsche Gesellschaft fur lnternationale Zusammenarbeit (GIZ) meeting was held between the members and the staff representatives of the Parliament of Georgia, and between the Parliamentary Budget Office of Georgia and the State Audit Office. The meeting was aimed at discussing the issues regarding the role of the Parliamentary Budget Office as an independent fiscal institution and strengthening Parliament's budgetary
On 15-18 June, 2015 the first deputy of Budget and Finance Committee of the Parliament of Georgia Nodar Ebanoidze and the acting head of the Parliamentary Budget Office of Georgia Tatia Khetaguri visited the US Congress and the US Congressional Budget Office with the support of the program "Public Financial Management in the South Caucasus" of Deutsche Gesellschaft fur lnternationale Zusammenarbeit – GIZ. During the visit, meetings were held with representatives of the Congressional Budget Office, including Deputy Director of the Congressional Budget Office Bob Sunshine and the heads and analysts from the Budget Analyses Division, the Macroeconomic Projections Division and the Cost Estimates of Legislation Devision. During the meetings the current reforms of the Parliamentary Budget Office of Georgia and the US Congressional Budget Office experience were discussed. Also, the further cooperation of the Parliamentary Budget Office of Georgia with the US Congressional budget office were agreed.
The Parliamentary Budget Office introduced the "fiscal review" report at the concluding session of the Finance and Budget Committee. "Fiscal Review" aims to analyze fiscal indicators in order to assess the role of fiscal policy in macroeconomic stability promotion process, also to assess fiscal risks and fiscal sustainability in medium- and long-term periods. In particular, dynamics of receipts and payments of consolidated budget level are considered in the document. Based on international practice, core fiscal indicators are assessed; among them structural and cyclically adjusted balance dynamic is introduced, in order to assess the role of fiscal policy in the short-term macroeconomic stability promotion. Effects on medium-term fiscal sustainability is also explored in different case of macroeconomic development.