Evaluation of the implementation process of financial management and control system

On January 21, the public discussion of regulation impact evaluation of the Law “on State Internal Financial Control” was held in Rooms hotels Tbilisi with the initiative of Internal Control Department the Ministry of Finance and with the support of Regional Program of German International Cooperation Society (GIZ) “Legal approximation towards European Standards in the South Caucasus”.

The purpose of the evaluation was to evaluate the process of implementing the financial management and control system and to develop relevant recommendations. During the evaluation also special attention was paid to establishing compliance with the requirements of the law with the objectives and principles of sustainable development of 2030 the UN.

The evaluation was carried out by the consultants of the State Internal Control Department of the Ministry of Finance, the Policy and Management Consulting Group (PMCG) and the Ilia State University. The Working Group has developed relevant recommendations that will facilitate the implementation of financial management and control mechanisms in budgetary institutions.

The event was attended by NGOs, working on the issues of public financial management and public administration, the representatives of Sectoral Ministries, State Audit Service and Academic and scientific circles.


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