  Since the end of 90s till today when all the elements confirming Georgian
State System have practically been established, budget system and policy
remains as the most difficult Georgian macroeconomics challenge and even still
half-and-half unsolved problem. One side of the fiscal policy is quite
crucially formulated and administrative Tax Code, and the other side is the
weak, unmanaged and incomplete law on Budget System. According to the
above-mentioned the elaboration and adoption of the Budget Code having equal
force as Tax Code is necessary by which the following are to be determined:
excellence of government responsibility when it will not perform the budget
obligations specified by the law permanently; the rights and responsibilities
of the state, the optimal distribution of the funds mobilized by the tax
towards each member of the society. For optimization of the budget system
effective correlation between the state, regional and local budgets revenues
and expenditures is particularly important as the social-economic development
of the regions and territorial units of the country is impossible without the
financial relations. For it the just differentiation of tax base in the section
of state, regional and local budgets and transfers system for support of the
budgets of the territorial units from the central budget are necessary. Solving
the most part of these problems is possible by the adoption of the budget code
which, in our opinion, is to be considered as the closest decisive task for the
current legislative and executive authority.
