Ministry of Finance of Georgia

What Ministry of Finance of Georgia does

The Ministry of Finance of Georgia is the central executive authority of the Government of Georgia responsible for state fiscal policy, budget formulation and execution, public debt management, tax and customs administration, and macroeconomic forecasting. It serves the Government of Georgia, including all ministries, state agencies, autonomous republics, municipalities, and state-owned enterprises, as well as Georgian citizens who access budget information through public transparency portals. The ministry operates a portfolio of integrated digital services including Government Treasury Services (treasury.ge), Revenue Services (rs.ge) for tax and customs, the Public Financial Management Information System (PFMS), the e-Budget Planning and Tracking System (eBTPS), and Government Finance Statistics (GFS) data services compliant with IMF standards. The ministry is structured around eight wholly-owned subordinate agencies, including the Revenue Service, Treasury Service, Accounting/Reporting/Auditing Oversight Service (SARAS), Financial-Analytical Service, Investigation Service, Dispute Resolution Service, Public Internal Financial Control Center (PIFC), and the Ministry of Finance Academy.

As a government entity rather than a commercial enterprise, the ministry does not generate revenue through pricing or commercial sales. Its operations are funded through state budget allocations, and its "scale" is measured by consolidated budget revenues ranging from approximately 10,756.7 GEL million to 29,800.9 GEL million across the 2015–2025 period, representing the full public finance flows under its administration. The ministry manages international financial partnerships with the Asian Development Bank (portfolio exceeding 5 billion USD), the World Bank, the IMF, the European Union, and the OECD/G20, including a 500 million USD Eurobond issuance on the London Stock Exchange with a 5.125% coupon. The ministry is led by Minister Lasha Khutsishvili (appointed April 2021), supported by a First Deputy Minister and four Deputy Ministers, and is headquartered at Gorgasli Street N16, Tbilisi, with 1,001–5,000 employees.

Name

Ministry of Finance of Georgia

Legal name

Ministry of Finance of Georgia

Website

https://mof.ge

Company type

Private

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Ministry of Finance of Georgia is the central executive authority managing state fiscal policy, budget formulation, public debt, and tax/customs administration. It serves the Government of Georgia, subordinate agencies, and citizens through integrated treasury, revenue, and public financial management systems.

Ownership category

akta.pro rank

Product category

Government Financial Administration

NAICS

Public Finance Activities (921130), Public Finance Activities (92113), Other General Government Support (921190), Administration of Economic Programs (926)

SIC

Foreign Governments (8888)

akta.pro primary industry

Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Budgeting & Fiscal Planning (BPAIAEAA), Government Accounting & Financial Reporting (BPAIAEAD)

Keywords

• Public finance management
• State budget administration
• Tax and customs administration
• Public debt management
• Government treasury services

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. State Budget Revenue Collection: The Ministry manages tax and customs revenue collection through the Revenue Service, which administers taxes and customs duties across Georgia. Revenue comes primarily from taxes on income, profits, property, goods and services, and customs duties.

Distribution channels2 records

Marketing channels2 records

Core offering

The Ministry of Finance of Georgia performs the public administration function in finance and accounts for the Government of Georgia. It formulates and executes the state budget, administers tax and customs policy through the Revenue Service, manages public debt and state treasury operations, conducts macroeconomic forecasting, and coordinates with international financial institutions. It operates through its central apparatus and subordinate agencies to deliver fiscal policy, budget management, and financial reporting services.

Product overview

The Ministry of Finance of Georgia operates a portfolio of interconnected government financial services comprising Treasury operations (managing state treasury accounts and cash flows), Revenue Services (tax and customs administration), an integrated Public Financial Management Information System (PFMS), an electronic budget planning portal (eBTPS), and Government Finance Statistics data services compliant with IMF standards. These services form the core infrastructure for managing Georgia's public finances, budget execution, and fiscal reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Government Treasury Services Manages the unified treasury account, state budget payments, budget revenue accounting, government deposit operations, and cash flow forecasting for Georgia's central government.
• Revenue Services Administers tax and customs collection, enforcement, and taxpayer services for Georgia through the Revenue Service.
• Public Financial Management Information System (PFMS) Integrated electronic system for managing public finances, supporting budget planning, execution, and reporting processes for the Government of Georgia.
• e-Budget Planning and Tracking System (eBTPS) Online portal enabling citizens to plan and track state budget allocations, providing public access to budget data.
• Government Finance Statistics (GFS) Data Services Produces and disseminates government finance statistics following IMF SDDS standards, including consolidated budget, state budget, and debt data.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• OECD/G20coreStrategic or Co-development PartnerGeorgia is an associate member of the OECD/G20 Inclusive Framework on BEPS since 2016, and participates in the Global Forum on Tax Transparency and Exchange of Information. Holds observer status in the OECD Development Assistance Committee.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• National Treasury of South Africa: Emerging-market finance ministry with parallel functions in budget formulation, public debt management, and intergovernmental fiscal relations; provides a relevant benchmark for emerging-market treasury modernization.
• HM Treasury (United Kingdom): Established G7 finance ministry with the same core functions (budget, tax, debt, macroeconomic policy) and sovereign debt issuance program, serving as a benchmark for institutional maturity rather than a direct competitor.
• US Department of the Treasury: Largest sovereign finance ministry with equivalent functions in federal budget execution, tax policy, and debt management; relevant for benchmarking frameworks rather than for direct comparability on scale or reform agenda.

Direct peers

• Ministry of Finance of Armenia: Direct Caucasus neighbor and peer in scale, with an equivalent mandate over budget policy, public debt, taxation, and customs; comparable institutional ties to ADB, World Bank, IMF, and the EAEU framework.
• Ministry of Finance of Moldova: Eastern European peer with a comparable small-economy ministry mandate including EU macro-financial assistance, IMF program engagement, tax administration reform, and treasury modernization.
• Ministry of Finance of Azerbaijan: Caucasus ministry of finance operating the state treasury, consolidated budget, and tax/customs administration for a similarly sized economy with significant hydrocarbon fiscal flows.
• Ministry of Finance of Ukraine: Cabinet-level finance ministry performing the same core functions — state budget formulation, public debt management, tax/customs policy, and treasury operations — for a transitioning Eastern European economy engaged in EU integration.
• Ministry of Finance of Kazakhstan: Larger post-Soviet finance ministry with overlapping functions in treasury, budget, tax/customs, and sovereign debt management; useful as a regional benchmark for scale and modernization approaches.
• State Treasury Service of Ukraine: Treasury counterpart that executes the unified treasury account, budget payments, and cash management — directly comparable to Georgia's Treasury Service (treasury.ge).

Others

• World Bank Treasury: Institutional treasury function that interacts directly with the Ministry on debt management, capital market operations, and capacity-building programs; relevant ecosystem counterpart rather than a direct peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/GeoMoF
• Xx.com/MOFGeorgia
• Facebookfacebook.com/mofgeorgia

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Ministry of Finance of Georgia