Ministry of Finance of Georgia Climate-informed

Transcript:Ministry of Finance of Georgia Climate-informed:
Ministry of Finance of Georgia Climate-informed Budget and Public Investment Management (PIM) Natia Gulua Head of Budget Department Ministry of Finance of Georgia Email: n.gulua@mof.ge December 13, 2024 PFM4CA Pilot Event: Greening Public Financial Management December 11-13, 2024 – Vienna, Austria Linking Policy with the Budget State Budget Law Sector Strategies Policy Planning and Coordination Reform Performance Based Budgeting (PBB) Financial Management and Control (FMC) Public Investment Management (PIM) Integrating SDGs, Gender, Climate, etc, into the PBB Electronic PFM systems 3 Public Financial Management Reform Coordination efforts Preparation of 4-year PFM strategies and annual Action Plans; Reporting (quarterly and annually). PFM Coordination Council Under MOF MOF (policy departments/agencies) State Procurement Agency (SPA) Parliament – Financial and Budgetary Committee Parliament – Budget Office State Audit Office International Organizations (Donors) Civil Society Organizations PFM Reform Strategy for 2023-2026 adopted by the MOF chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://mof.ge/images/File/strategia/2023/30-06-2023/2023-2026%20PFM%20Reform%20Strategy%20_ENG.pdf 4 Consistency of PFM Reforms – International Assessments PFM reforms in the budgeting area are based on the following assessment results: PEFA (WB, EU) – Public Expenditure and Financial Accountability FTE (IMF) – Fiscal Transparency Evaluation PIMA (IMF) - Public Investment Management IMF – Fiscal Rules Assessment OBS – Open Budget Survey Government Program Sectoral Reform Agendas 5 Public Financial Management Reform Coordination efforts Budget Transparency - 87 (1st place among 125 countries) Budget Oversight - 74 (21st in the world) Public Participation - 44 (4th in the world) 6 New “Policy Classifier” Enhancing the quality of performance budgeting in the light of modern challenges related to gender, climate change, SDGs etc. To enhance the alignment between country’s strategic directions and policy documents and the budgetary framework, the "tagging" tool was introduced and incorporated into the e-budget system. The "Policy Classifier" component enables all spending units to link their programs/sub-programs with the relevant policy classifier, including Sustainable Development Goals (SDG), Gender Equality, Climate Change, Sectoral Strategies, etc. The information about these linkages is reflected in the Program Budget; According to the policy classifier, the budget documentation will identify and reflect relevant expenses. Sustainable Development Goals - SDG; Human Capital Goals Gender Equality Climate Change Climate Change - Mitigation; Climate Change - Adaptation; Climate Change - Mitigation and Adaptation; Rural Development Human Rights Energy Efficiency Sector Strategies - Vision 2030. 7 Program Budget Structure Priority/Direction 8 Program Budget Structure 9 Annual Reports Program and Capital Budget Annex Law Spending Unit #1 Program #1 Description Subprogram #1 Description Program Budget Annex