The Peculiarities of the Budgetary Policy of Georgia and the Directions of Improvement in Association with EU

George Abuselidze,J Horák,Z Rowland,Linda Mamuladze,J Vrbka

doi:10.1051/shsconf/20207301001

Abstract

The work deals with the role of budgetary policy on socio-economic development of the country, the practical significance of budgetary policy improvement, the peculiarities of program financing, the problems of rationalization of budget resources, the existing reality and the main directions of improvement the effectiveness. The aspects of research are compared to the advanced international practice. The research is focused on the problems and the anti-rational usage of budget funds in the budgetary process, the peculiarities and efficiency of forming the program budget, the problems in the formation of expected results and budget performance indicators of the programs/sub-programs.

Highlights

Budget planning and project preparation in the program format based on the priorities, which are defined according to the budgetary policy are the most important stages of the budgetary process
It should be noted that the Baltic States are different from their equal Western European countries and EU15 member states with the number of expenses incurred by the government in relation to GDP (Figure 1)
Based on the study and analysis of budgetary policy of Georgia, we have developed the following conclusions and recommendations

Summary

Introduction

Budget planning and project preparation in the program format based on the priorities, which are defined according to the budgetary policy are the most important stages of the budgetary process. Systemic gaps can be noted in the stages of budget planning and reporting, which makes it difficult to compare the planned and achieved results and evaluate the efficiency/rationality of the funds spent from the budget. The aim of the work is to study and analyze the problems in the process of planning the program budget and implementation of the programs/sub-programs and to elaborate the recommendations. The objectives of the study were to set the following tasks: To study the peculiarities of program financing and evaluate the efficiency of distribution the budget funds;

Objectives

Results

Discussion

Conclusion