Today, on June 30, Auditor General of the State Audit Office Lasha Tordia presented “the SAO’s report on Georgia’s 2016 state budget execution” at the plenary session of the Parliament of Georgia.
The report reviews the systemic deficiencies, important issues and relevant recommendations identified as a result of carried out audits and analytical activities at all major stages of the financial management system of the public sector during the drawing up of the 2016 budget execution report. In particular, the report reviews such issues as:
- State budget revenues and execution of its components;
- Tendency of the state budget payment execution;
- Systemic deficiencies in the budget formation process;
- Labor remuneration analysis;
- Systemic deficiencies identified in the state procurement management process;
- Issues related to the management of the governmental vehicle fleet;
- Management of the financial assets of the government;
- Spending of projected costs under the projects financed by the foreign credit resources;
- Significant deficiencies in the budget software drawing up process.
According to the SAO, for ensuring the functioning of the financial management system of the public sector, it is recommended to take into consideration the recommendations that are mentioned in the report.
