Parliamentary Budget Office

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Macroeconomic Forecasting Model

Monday, 22 February 2016 13:06

The current design of the Parliamentary Budget Office of Georgia (PBO) Macroeconomic Forecasting Model (PBOMFM) is consistent with the Financial Programming and Policy (FPP) framework that is developed by International Monetary Fund (IMF). The PBOMFM strikes a balance between theory and practice according to its purpose of providing accurate forecasts and policy analysis. The PBOMFM has both long-run (theoretical) and short-run (data-based) dynamics. The econometric estimates of the model’s parameters and its short-run dynamics are based on the data analysis and calibration for the Georgian economy. The PBOMFM is a practical and robust tool for economic forecasting in Georgia. PBO’s macroeconomic forecasts are publicly available on its website and in print.

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Methodological Note on Measuring Budget Deficit

Friday, 27 March 2015 13:52

Budget deficit is most commonly used indicator to assess main directions of fiscal arrangements carried out by the government and its influence on economic environment. Therefore, assessment of budget deficit on the basis of existing statistics of state finances has a crucial meaning.

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News

On April 16, the working meeting of the parliament and US Congress staff was organized by the parliamentary training center, national democratic institute (NDI) and international republican institute of Georgia (IRI GEORGIA)

On April 16, the working meeting of the …

18-04-2019

On April 16 2019, the working meeting of the parliament and US Congress staff was organized by the parliamentary training center, national democratic institute (NDI) and international republican institute of...

Training cycle on data visual communication

Training cycle on data visual communicat…

21-03-2019

Topics discussed during the training included the history of visual communication as well as human and computer communication, as well as modern methods of data visualization and the possibilities of...

Representatives of the Parliamentary budget office of Georgia met with representatives of the Canadian parliamentary Center

Representatives of the Parliamentary bud…

06-03-2019

Tatia Khetaguri, head of the budget office of parliament of Georgia, Shorena Kakhidze, Vakhtang Chalapeikrishvili and Natia Tsikvadze representatives of the budget office met with representatives of the Canadian Parliamentary...

 

  

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8 Rustaveli Ave.

Tbilisi, Georgia, Block A Room: 101

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