The radical public procurement reforms in the last five years have made the Georgian system one of the most transparent in the world. TI Georgia and a number of international organizations have praised the system.
Parliament is currently discussing a legislative initiative on establishing an agency for financial supervision, which will be fully independent from the National Bank of Georgia (NBG).
Transparency International Georgia’s examination of the situation surrounding the 2014 budget’s expenditures section has demonstrated that in 2014 more than GEL 150 million was left unspent, which is GEL 82 million more than the GEL 70.19 million, which was officially reported as unspent.
Partial/complete failure of the public internal financial control across many Georgian public institutions over the years has substantially undermined transparency in and accountability for public spending.