This paper gives an outline of the evolution of fiscal policy in Georgia. Starting in the mid-1990s, the authors break the recent Georgian history into two main periods, separated by the Rose Revolution of 2003. The first period was marked by some first efforts to generate and stabilize tax...

A difficult situation has emerged in the economy of postcommunist Georgia as a result of both the world financial crisis and the war with Russia (August 2008) and also of internal causes, including insufficient use of national resources. In order to improve socioeconomic conditions it is...