Principles of Formation of the Budget System of Georgia

Аннотация

The principles of formation of the budget system of Georgia are determined by the Budget Code of Georgia, which regulates the rules of preparation, consideration, approval, implementation of the budget, reporting and control of the draft state budget of Georgia, republican budgets of the autonomous republics and budgets of local self-governing units, as well as budgetary relations and responsibility of the central authorities of Georgia, the authorities of the autonomous republics and local authorities. The budget system of Georgia is a set of budgetary relations regulated by legal acts for the purpose of mobilizing and using funds to perform the functions of the central authorities of Georgia, the authorities of the autonomous republics and local authorities. Budgetary powers of the participants of the budget system of Georgia are exercised on the basis of the Constitution of Georgia, the Organic Law of Georgia "On Economic Freedom", the Constitutional Law of Georgia "On the Status of the Autonomous Republic of Adjara", the Organic Law of Georgia "Code on Local Self-Government", the Organic Law of Georgia "On Approval of the Constitution of the Autonomous Republic of Adjara", this Code, the Law of the Autonomous Republic of Adjara "On the Budget Process and Powers of the Autonomous Republic of Adjara", the legislation of Georgia on taxes and fees, other legislative and subordinate normative acts of Georgia, as well as legal acts adopted (issued) by the central authorities of Georgia, the authorities of the autonomous republics and local authorities.