Republic of Uzbekistan: Fiscal Transparency Evaluation

IMF Staff Country Reports, May 1, 2019

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Republic of Uzbekistan: Fiscal Transparency Evaluation

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Bibliographic details

• Published: May 1, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781498312745.002

Executive summary and key findings

• Uzbekistan is "embarking on a comprehensive reform program to strengthen public financial management and fiscal transparency."
• Wide-ranging reforms are being developed and implemented to improve the "coverage, reliability, quality, and accessibility of fiscal reports," and "some good progress already made."
• An assessment of practices against the IMF’s Fiscal Transparency Code (the Code) finds that "tangible gains have been made over 2017 and 2018."
• Several areas of current practice "do not currently meet the basic standard required under the Code," but "quick progress can be made" in those areas.
• The report provides a more detailed evaluation of fiscal transparency practices and "recommended reform priorities."

Major recommendations and policy priorities

• Strengthen legislative oversight of the state budget with a view to reducing the extent to which in-year changes can be made to aggregate expenditures without prior parliamentary approval.
• Prioritize reforms that improve:
  • Coverage of fiscal reports
  • Reliability of fiscal data
  • Quality of fiscal reporting
  • Accessibility of fiscal information

Thematic coverage (as stated)

• Budget execution and treasury management
• Budget planning and preparation
• Expenditure
• Fiscal reporting
• Fiscal risks
• Public financial management (PFM)

Keywords and focal topics

• accounts payable
• annual budget
• balance sheet
• budget balance
• budget documentation
• Budget execution and treasury management
• budget expenditure
• Budget planning and preparation
• budget year
• central government
• execution report
• fiscal policy
• Fiscal reporting
• Fiscal risks
• State budget

Content in this bundle

• Republic of Uzbekistan: Fiscal Transparency Evaluation; IMF Country Report No. 19/117; June 2018
  • Republic of Uzbekistan: Fiscal Transparency Evaluation; IMF Country Report No. 19/117; June 2018 (Markdown version)
  • Republic of Uzbekistan: Fiscal Transparency Evaluation; IMF Country Report No. 19/117; June 2018 (PDF)