Budgetary Priorities in Georgia Expenditure Dynamics Since the Rose Revolution

Budgetary Priorities in Georgia Expenditure Dynamics Since the Rose Revolution

This paper focuses on the most significant fiscal changes since the “Rose Revolution” in Georgia, such as the state’s increased revenue-collecting capacity as a result of the adoption of the new tax code in 2004. The paper also discusses the challenges of the Medium-Term Expenditure Framework (MTEF) process to increase efficiency and transparency and create more results-oriented policies. Based on approved budgets and subsequent amendments and fulfillment reports, the paper presents Georgia’s expenditure policy priorities.