Supporting Public Finance Policy and Management Reforms | Georgia
Located at the intersection of Western Asia and Eastern Europe, the republic of Georgia declared independence in 1991 shortly after the collapse of the Soviet Union. After suffering from political, social and economic turmoil through most of the 1990’s, the newly independent state embarked on major democratic and economic reforms following the Rose Revolution of 2003.
Georgia’s transition to a free market economy would require structural and policy reforms. In 2007, the European Union launched a large scale public finance management assistance program to support the government of Georgia in achieving greater government accountability by establishing a modern public finance management system that would enable medium term expenditure planning, internal and external auditing and better public procurement. Since 2012, the European Union has retained Louis Berger to implement the second and third phases of the program, which aims to bolster government accountability, transparency and the effectiveness of public finance policy and management.
Louis Berger provided technical assistance to expand reforms in budgeting, internal and external audit, public procurement and tax services, as well as to establish more advanced policy coordination and monitoring mechanisms.
In addition, Louis Berger is providing on-demand, tailored solutions to respond to the emerging needs and priorities of Georgia’s government, working closely with Georgian public sector organizations such as the Ministry of Finance, the State Audit Office, the Budget Office and the Budget and Finance Committee of the Georgia Parliament. The work includes supporting ongoing reforms through policy advice, institutional development, and human resource capacity building, such as:
- Providing support to the Treasury service of the Ministry of Finance.
- Building capacity in macroeconomic forecasting.
- Improving public internal financial control systems.
- Raising awareness among civil society organizations and international partners of the European Union’s contributions to public finance reforms.
- Educating journalists so that they better understand the country’s fiscal policy.