deficiencies related to reserve fund management

According to the Budget Code, "Funds from the President and the Government Reserve funds are intended to be allocated for unforeseen expenditures" (Article 28, Section 2). Aim of this regulation is to ensure smooth functioning of the government by financing expenditures, which, for objective reasons, could not be taken into account at the budget planning stage.

Purpose of the allocated resources

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The diagram presents the annual plan of the President’s Reserve Fund defined by the Budget Law and the actual amount of resources spent from this Fund.

 

The President’s Reserve Fund is created to finance the payments unforeseen by the budget.

 

Source: Ministry of Finance of Georgia

Last update: 25.01.2019

The diagram presents the distribution of the resources spent from the President’s Reserve Fund, according to their purposes.

Source: Ministry of Finance of Georgia

Last update: 16.05.2019