State Finances Touch all Georgians
All those who handle state finances, from budget planning to its execution and public procurement, were involved in modernizing the system. One of the first tasks was a thorough accounting of the budget and state finances. “The introduction of accounting standards is important not only for ensuring that country has full statistical data,” explains Chelishvili, “but also for providing information on the financial data existing in our country to international donor organizations and private investors in a language that they understand.”
Another part of the project knitted different government agencies together via a new computer network. Regional offices of the Ministry of Finance, the National Bank of Georgia, and the State Audit Service are now linked to better share information. Some staff members and offices got new computers and more powerful servers.
Devi Vepkhvadze, the deputy head of the Audit Service, is proud of the changes. “We can safely say that nowadays the State Audit Service carries out its activities in full accordance with international standards and it is one of the worthy members of the large family called INTOSAI (the International Organization of Supreme Audit Institutions, an independent umbrella group),” he says.