IMF Country Reports 20/223 Georgia: Technical Assistance Report-Public Sector Balance Sheet and State Owned INTERNATIONAL MONETARY FUND IMF Country Report No. 20/223 GEORGIA TECHNICAL ASSISTANCE REPORT—THE PUBLIC July 2020 SECTOR BALANCE SHEET AND STATE OWNED ENTERPRISES This Technical Assistance Report Paper on Georgia was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in November 2019. Copies of this report are available to the public from International Monetary Fund • Publication Services PO Box 92780 • Washington, D.C. 20090 Telephone: (202) 623-7430 • Fax: (202) 623-7201 E-mail:
[email protected] Web: http://www.imf.org Price: $18.00 per printed copy International Monetary Fund Washington, D.C. © 2020 International Monetary Fund ©International Monetary Fund. Not for Redistribution FISCAL AFFAIRS DEPARTMENT Georgia The Public Sector Balance Sheet and State- Owned Enterprises Jason Harris, Viera Karolova, Vincent Tang, John Zohrab, Philip Barry, and Irina Grigoryan Technical Report January 2020 ©International Monetary Fund. Not for Redistribution CONTENTS ACRONYMS ______________________________________________________________________________________ 5 PREFACE _________________________________________________________________________________________ 6 EXECUTIVE SUMMARY __________________________________________________________________________ 7 I. PUBLIC SECTOR BALANCE SHEET ___________________________________________________________ 10 A. The 2018