German Embassy: Georgia's progress in Open Budget Survey an "impressive achievement"
In a social media post on Wednesday, the Embassy said the achievement was the result of a series of reforms in the field of public finance. Photo: Nino Alavidze/Agenda.ge
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The Embassy of Germany in Tbilisi has praised Georgia's advancement to the leading spot in the International Budget Partnership’s latest Open Budget Survey as an "impressive achievement", as the country was named the global leader in budget transparency.
In a social media post on Wednesday, the Embassy said the achievement was the result of a series of reforms in the field of public finance.
[The reforms include] improving medium-term planning, introducing programme budgeting, increasing accountability, introducing and improving electronic systems for managing public finances, introducing mechanisms to promote citizen involvement, publishing budget documents, preparing guides for the citizens and other related events", it said.
The diplomatic representation also said on behalf of the German Development Cooperation, the German Society for International Cooperation and other partners supported the Georgian Government in carrying out reforms in the field of public finance management, “especially at the local level".
The Georgian Government is aiming to achieve the country being listed in the top five of all major global rankings in the coming years, Prime Minister Irakli Garibashvili told the Parliament on Wednesday.
Georgia is proud to be the top-ranked country on budget transparency internationally, Georgian Finance Minister Lasha Khutsishvili said on Tuesday at the presentation of the Results of the 2021 Open Budget Survey organised by the International Budget Partnership.
Georgia is now the highest ranked country on budget transparency in Open Budget Survey 2021 published by the International Budget Partnership on Tuesday.
The Open Budget Survey 2019 by the International Budget Partnership ranks Georgia 5th in the world out of 81 scores out of 100, based on an analysis of 117 nations’ budget transparency scorings, participation and oversight.
Georgia has been ranked first among 59 countries for the "continuous improvement" of performance in Public Expenditure and Financial Accountability Assessment, an index compiled by the World Bank, the Ministry of Finance of Georgia announced on Wednesday.