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Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2020: Issue 223
Language:
English
Publication Date:
23 Jul 2020
DOI:
https://doi.org/10.5089/9781513551029.002
ISBN:
9781513551029
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; foreign exchange; accounts receivable; asset write-down; chief financial officer; cross holdings; return on equity; accrual basis; accounting reform; sensitivity analysis; Financial statements; Fiscal accounting and reporting; Accounting standards; Fiscal risks; Public sector; Australia and New Zealand
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund