Republic of Uzbekistan: Strengthening Fiscal Transparency
IMF Staff Country Reports, May 1, 2019
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- Canonical URL
- Republic of Uzbekistan: Strengthening Fiscal Transparency
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Bibliographic details
- Published: May 1, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498312769.002
Summary
- Focus: fiscal transparency in the Republic of Uzbekistan.
- Purpose: provide further guidance to support implementation of the fiscal transparency evaluation recommendations and the government’s plans to strengthen transparency.
- Key actions described: work with authorities to strengthen application of Government Finance Statistics Manual standards; improve budget classification, presentation and reporting; strengthen fiscal risk disclosure; address other fiscal transparency-related issues.
- Assessment: steps have been taken to improve the coverage of Government Finance Statistics reports; however, further work is required.
- Ongoing reforms: wide-ranging reforms to improve the coverage, reliability, quality and accessibility of fiscal reports are being developed.
- Legal/administrative milestone: a Presidential Decree, approved in August 2018, sets out measures to enhance budget openness and transparency, increase the engagement of citizens in the budget process, and strengthen parliamentary and public scrutiny of the budget.
Technical work and standards
- Strengthened the application of the Government Finance Statistics Manual standards.
- Improvements targeted at:
- budget classification,
- budget presentation and reporting,
- fiscal risk disclosure,
- other fiscal transparency-related issues.
- Coverage improvements: Steps taken to improve coverage of Government Finance Statistics reports; further work required to complete improvements.
Reforms, governance, and citizen engagement
- Presidential Decree (approved in August 2018) mandates:
- enhanced budget openness and transparency,
- increased engagement of citizens in the budget process,
- strengthened parliamentary and public scrutiny of the budget.
- Wide-ranging reforms are under development to improve coverage, reliability, quality, and accessibility of fiscal reports.
Subject areas and keywords
- Subject: Budget classification, Budget planning and preparation, Financial statements, Fiscal risks, Fiscal transparency, Public financial management (PFM)
- Keywords: Asia and Pacific, budget, budget balance, Budget classification, budget message, Budget planning and preparation, CR, Economy, Financial statements, Fiscal risks, GFS report, government, government ownership share, ISCR, MoF staff, state budget, state budget data
Content in this bundle
- 1uzbea2019003