1. Treasury of Georgia Performance Measurement and Monitoring
Ministry of Finance of Georgia
State
Treasury
Treasury of Georgia Performance Measurement and Monitoring
PEMPAL Tirana
May 2018

2. Strategic Documents
Key Country Development Areas and Indicators (BDD);
Public Finance Management Strategy;
Annual PFM Action Plan;
Program-based Budget;
Anticorruption Strategy.

3. Goals and Priorities Introduction of IPSAS-based accrual accounting;
Developing a unified public finance management information system;
Finance management reform.

4. Key Performance Indicators
All IPSAS standards (IPSAS 18, IPSAS 20, IPSAS 25, IPSAS 26, IPSAS 32) mentioned in action plans have been implemented in all budget institutions;
Guidelines have been drafted for further (2019) implementation of IPSAS standards mentioned in action plans;
As a result of workshops and working meetings held, local government officials are aware of IPSAS standards;
Analytical data have been prepared on revenue accrual accounting in the unified treasury book;
E-treasury Finance Management Module has been upgraded;
Accounting and reporting are continuously being improved in terms of information capacity, timeliness and transparency.

5. Tools Used for Performance Monitoring
PFM Working Group;
Budget users’ report on programs and sub-programs;
Quarterly Report;
Anticorruption Working Group;
Self-assessment based on PEFA indicators.

6. Expenditure Arrears Assessment
Payments and debt accounting are regulated by the following documents:
Georgia’s Budget Code;
Annual Budget;
Guidelines on Payments;
Guidelines on Accounting;
Contract terms (number of days from arrival of documents, количество дней с момента прибытия документов, guaranteed custody);
Expert Evaluation Bureau’s Conclusion;
The State Treasury has information on commitments registered in the IT system;
Institutions provide information on expenditure arrears in reference articles of their financial statements.
Indicator score - «A».

7. Expenditure Arrears Monitoring
The Treasury receives data on expenditure arrears annually upon completion of each fiscal year;
Debt repayment rule is an effective arrears monitoring mechanism;
Indicator score - «С»;
Within the framework of on-going reforms, on January 1, 2018, an Invoice Module providing real-time information on expenditure arrears was launched.

8. Information on Expenditure Arrears and PEFA Statistics
Year
Arrears (registered commitment - payment)
Payments (Lari)
Arrears/ Payments %
2015
15,650,169
9,703,127,142
0,16%
2016
21,
10,292,234,097
0,21%
2017
39,853,964
11,764,835,376
0,34%
Year
No of indicators A
B&B+
C&C+
D&D+
N/A
2008 31 5 8 7 3
2012 14 9 4 2
2017 18 10 -

9. Treasury of Georgia Performance Measurement and Monitoring
Thank you for your attention!
May, 2018