What we do
The Budget Office of the Parliament of Georgia is an independent fiscal institution, with the mandate to provide independent and impartial analysis, research and assessment of government's fiscal policies, plans and performance. contributing to the parliamentary oversight over the budget processes and thus promoting financially sustainable and economically sound fiscal policies. The above mentioned mandate, along with the growing international interest towards the independent fiscal institutions, particularly since the financial crisis of 2008-2009, clearly points to the unique role of the Parliamentary Budget Office in fiscal architecture, thus creating special responsibilities towards the quality of its work.
The Parliamentary Budget Office of Georgia has a long history of existence. It was originally established in 1997, though has been accountable to the Committee for Budget and Finance of the Parliament of Georgia since 2005. The year 2014 was distinguished with significant changes and challenges for the Budget Office. Significant steps were undertaken towards improvement the legislative environment underpinning the work of the PBO, and bringing it in compliance with the international better practice. Namely, the referred changes brought the regulatory environment of the PBO close to the OECD Principles for Independent Fiscal Institutions: The Budget Office got established as an independent structural unit, guarantees for independence of its work have been defined and the organizational structure has been changed to comply with internationally accepted practices.
The Strategic Development Plan of the Parliamentary Budget Office of Georgia for 2015-2018, reflects a medium-term vision of the development of Budget Office, together with its strategic goals and objectives considering the recently started reform process. The strategic goals outlined in the document seek to achieve our mission– To foster transparency and accountability in fiscal management and promote medium-long term fiscal sustainability and effectiveness of the PFM system through strengthened Parliamentary oversight over the budget processes- focusing on two core directions. First direction refers to increasing the effectiveness of the PBO work and establishing the parliamentary budget Office as an independent fiscal institution in existing fiscal framework, while second one refers to the emphasis on the institutional capacity building as the basis for enhanced effectiveness of the PBO work.
See the complete charter of the Parliamentary Budget Office of Georgia
