{
  "title": "Republic of Uzbekistan: Selected Issues",
  "publication": "IMF Staff Country Reports, July 11, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/07/11/republic-of-uzbekistan-selected-issues-551715",
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  "summary": "This Selected Issues paper discusses key channels by which fiscal consolidation impacts short- and medium-term growth, examines the international experience on how to make fiscal consolidation more growth friendly, and analyzes policy implications for Uzbekistan.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: July 11, 2024\n- This Selected Issues paper discusses:\n  - key channels by which fiscal consolidation impacts short- and medium-term growth,\n  - international experience on how to make fiscal consolidation more growth friendly,\n  - policy implications for Uzbekistan.\n- A large part of the adjustment is implemented with high-quality efficiency-enhancing measures: reducing energy subsidies, improving the targeting of social spending, and curbing policy lending."
    },
    {
      "heading": "Major findings on public spending and fiscal consolidation",
      "content": "- The World Bank Public Expenditure Review notes that nonwage spending in health and education is low and crowded out by high wage bills.\n- Wage bills in health and education have been growing in recent years as efforts to improve pay in these areas were implemented.\n- Low nonwage spending and large wage bills point to the need to:\n  - review the adequacy of nonwage spending in health and education,\n  - undertake wage bill rationalization more broadly given these are large sectors of public employment.\n- In health spending specifically, consideration should be given to:\n  - strengthening primary care,\n  - introducing task-shifting to achieve greater efficiency from health wage bill expenditure by shifting its composition over the medium term."
    },
    {
      "heading": "Public investment management recommendations",
      "content": "- Unify the public investment process irrespective of the financing source.\n- Create a unified appraisal and selection process.\n- Establish a single project pipeline.\n- Improve project monitoring and evaluation to increase public investment efficiency."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Corruption, Crime, Expenditure, Fiscal consolidation, Fiscal policy, Revenue administration\n- Keywords: Asia and Pacific, Central Asia and the Caucasus, channels of impact, Corruption, Fiscal consolidation, Global, government data, impact of fiscal consolidation, market regulation, privatizing state enterprises\n\n---\n\n Content in this bundle\n\n- Republic of Uzbekistan: Selected Issues; IMF Country Report No. 24/211; May 28, 2024\n  - Republic of Uzbekistan: Selected Issues; IMF Country Report No. 24/211; May 28, 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Uzbekistan: Selected Issues; IMF Country Report No. 24/211; May 28, 2024 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2024/07/11/republic-of-uzbekistan-selected-issues-551715/index.md)",
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    "Published: July 11, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400283345.002",
    "Publication date: July 11, 2024",
    "This Selected Issues paper discusses:",
    "A large part of the adjustment is implemented with high-quality efficiency-enhancing measures: reducing energy subsidies, improving the targeting of social spending, and curbing policy lending.",
    "The World Bank Public Expenditure Review notes that nonwage spending in health and education is low and crowded out by high wage bills.",
    "Wage bills in health and education have been growing in recent years as efforts to improve pay in these areas were implemented.",
    "Low nonwage spending and large wage bills point to the need to:",
    "In health spending specifically, consideration should be given to:",
    "Unify the public investment process irrespective of the financing source.",
    "Create a unified appraisal and selection process.",
    "Establish a single project pipeline.",
    "Improve project monitoring and evaluation to increase public investment efficiency.",
    "Subject: Corruption, Crime, Expenditure, Fiscal consolidation, Fiscal policy, Revenue administration",
    "Keywords: Asia and Pacific, Central Asia and the Caucasus, channels of impact, Corruption, Fiscal consolidation, Global, government data, impact of fiscal consolidation, market regulation, privatizing state enterprises",
    "**Republic of Uzbekistan: Selected Issues; IMF Country Report No. 24/211; May 28, 2024**"
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