Publication:
Tajikistan : Capital Expenditures and Public Investment Management

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2014-12-17T15:17:23Z
dc.date.available2014-12-17T15:17:23Z
dc.date.issued2014-06
dc.description.abstractThis policy note is part of the World Bank's Programmatic Public Expenditure Review (PER) work program for FY2012-2014. The PER consists of a series of fiscal policy notes, which aim at providing the Government of Tajikistan with recommendations to strengthen budgetary processes and analysis. This policy note, the sixth in the series continues the fiscal policy dialogue conducted in the previous notes. It is structured as follows. Chapter 2 sets a macro-fiscal context for the analysis with a particular focus on fiscal policy challenges. Chapter 3 analyzes the composition and trends in capital expenditures to identify issues and offer solutions for improving efficiency of capital spending. Chapter 4 reviews a public investment management process in Tajikistan to identify weaknesses in the capital budgeting cycle (planning, budgeting, implementation, and audit), and to recommend measures and remedies to address shortcomings in these processes. Chapter 5 provides the main conclusions: 1) although Tajikistan has enjoyed high economic growth and substantial external assistance, increasing uncertainties about the global environment and the Russian growth outlook put Tajikistan's growth prospects at high risk, and the fiscal space will be very tight; 2) Tajikistan needs to address both equity and sector allocation efficiency issues to better mobilize resources in support of national priorities; 3) analysis of the public investment management system suggests that lack of a unified methodological framework, fragmentation, and poor institutional links discourage efficient use of limited domestic resources and attraction of external financing; and 4) the proposed reforms need to be sequenced to take into account implementation capacity and expected benefits. This note provides detailed recommendations to the Government regarding public investment management.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19766470/capital-expenditures-public-investment-management
dc.identifier.doi10.1596/20750
dc.identifier.urihttps://hdl.handle.net/10986/20750
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesTakijistan policy notes on public expenditures;policy note no. 6
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUDIT
dc.subjectBUDGET
dc.subjectCAPITAL SPENDING
dc.subjectDOMESTIC RESOURCES
dc.subjectECONOMIC GROWTH
dc.subjectEXTERNAL FINANCING
dc.subjectFISCAL POLICY
dc.subjectFRAGMENTATION
dc.subjectIMPLEMENTATION
dc.subjectPLANNING
dc.subjectPUBLIC INVESTMENT MANAGEMENT
dc.titleTajikistan : Capital Expenditures and Public Investment Managementen
dspace.entity.typePublication
okr.date.disclosure2014-10-14
okr.date.doiregistration2025-05-07T12:29:34.054211Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19766470/capital-expenditures-public-investment-management
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.guid877071468303575509
okr.guid696881468132262187
okr.identifier.externaldocumentum000469775_20140707131755
okr.identifier.internaldocumentum19766470
okr.identifier.report89184
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/07/000469775_20140707131755/Rendered/PDF/891840NWP0P14700TJK0NOTE60final0web.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTajikistan
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorEnergy and mining :: General energy sector
okr.sectorTransportation
okr.sectorWater, sanitation and flood protection
okr.sectorIndustry and trade
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeEconomic management :: Macroeconomic management
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.themePublic sector governance :: Other accountability/anti-corruption
okr.themePublic sector governance :: Managing for development results
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicPublic Sector Expenditure Policy
okr.topicPublic Sector Development
okr.unitPoverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region
Files
Collections
Public Finance Review
Load more