47. Do political parties have to report regularly on their finances?

Article 32 of the ORGANIC LAW OF GEORGIA
ON POLITICAL ASSOCIATIONS OF CITIZENS

1. In order to get public funds those parties who are eiigible shall submit to the Centre of Electoral Systems Development, Reforms and Training an annual final report on the use of the granted sum for the intended purpose. If a party fails to submit the report in the prescribed manner or to use the sum for the purposes established by this article, the financing of the party from the fund shall be suspended for a year.

2. Before 1 February of each year, parties shall submit to the State Audit Office financial disclosure statements of the previous year along with the auditor’s (auditing firm’s) report. The copies of the financial disclosure statements along with the copies of the auditor’s (auditing firm’s) report shall be sent to the local tax authority according to the legal address of the party. The disclosure statement shall include the annual income of the party (including the amounts of membership fees and donations, the identities of citizens who paid membership fees, information on citizens and legal persons who made donations, sums allocated by the state or those received as a result of publications and other activities of the party); it shall also include the expenditure of the party (incurred for elections, for funding various activities, for remuneration, business trips and other expenses), as well as reports on property ownership (the number and type of owned buildings and vehicles, their total value, the amount of funds in their bank accounts).