Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises

July 23, 2020

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Format: Chicago

Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises, (USA: International Monetary Fund, 2020) accessed November 14, 2024

Summary

Georgia’s public sector balance sheet (PSBS) is in relatively healthy shape, with assets exceeding liabilities, and is comparatively lean. Looking across all entities that the government controls, including the central government, local governments, the State-Owned Enterprise (SOE) sector and the National Bank of Georgia (NBG), total assets are worth 149 percent of GDP, made up of cash, loans, infrastructure, land and productive SOE assets. Liabilities are worth 81 percent of GDP, primarily comprising loans and debt of the government and SOEs. This leaves positive net worth of 68 percent of GDP, putting it in the top third of countries in the IMF’s database.

Subject: Accounting standards, Economic sectors, Financial statements, Fiscal accounting and reporting, Fiscal risks, Public financial management (PFM), Public sector

Keywords: Accounting reform, Accounting standards, Accounts receivable, Accrual basis, Asset write-down, Australia and New Zealand, Chief financial officer, CR, Cross holdings, Financial statements, Fiscal accounting and reporting, Fiscal risks, Foreign exchange, ISCR, Public sector, Return on equity, Sensitivity analysis

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/223
Stock No:

1GEOEA2020004
ISBN:

9781513551029
ISSN:

1934-7685

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