Home > 2.1 The competent bodies and their tasks > GEORGIA - Joint Opinion on the Draft Law on Amendments and Additions to the Organic Law on Political Unions of Citizens
 
 
 
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Paragraph 28
 

VII. Other recommendations and technical issues


The changes proposed in respect of Article 32 paragraph 2 on keeping financial documentation for a period of 6 years go in the direction suggested by recommendation v. However, it is not totally clear which improvements are intended by the new draft provisions of Article 32 (apart from the inclusion of a 6-year period for the conservation of financial documentation). One of the strengths of the current version (not the new draft) of this Article is that it requires the clear identification of campaign expenditure in the financial statements of political parties and of the individual situation of political parties which are part of a coalition (“block”); these arrangements have not been retained in the new drafting proposed by the Parliament. Also, Georgia could take the opportunity to ensure that political parties’ financial statements are consolidated to include all items of income and expenditure, including all assets and liabilities, and leave it to the future standardised format for financial statements (to be adopted by the Chamber of Control in accordance with draft Article 341 para 2(a)) to determine the individual items; as it stands, the enumeration of items in Article 32 is not sufficiently inclusive and could constitute a negative constraint for the adoption of an adequate and ambitious format at a later stage, in the implementing regulations/arrangements.