Publication: Kyrgyz Republic Public Expenditure Review Policy Notes : Strategic Setting
Date
2014-05
ISSN
Published
2014-05
Author(s)
World Bank
Abstract
The current approach to fiscal policy is
delivering suboptimal outcomes for the citizens of the
Kyrgyz Republic. The past five years have been difficult for
the Kyrgyz Republic, with one shock following another.
Government spending ballooned to 39 percent of GDP in 2012
one of the highest ratios among developing countries
globally, as the authorities tried to mitigate the shocks.
However, despite increases in spending, the quality of
health services remains poor; above 80 percent of 15
year-olds are classified as illiterate; wages in the public
sector are low; and only 6 percent of social assistance
reaches the poorest members of society. In addition, risks
are mounting in the pension system, few instruments exist to
support the vulnerable and the physical capital stock is
depreciating, especially in the energy sector. This Public
Expenditure Review (PER) focuses on the effectiveness,
level, and composition of public spending in number of
sectors. The objective of this synthesis note is to better
understand the overall environment for fiscal policy as well
as the nature and composition of public revenues and
expenditures. The sectoral policy notes review the
challenges and options in specific sectors, namely,
education, health, pensions, social protection, and energy
as well as cross-cutting themes such as the wage-bill and
public investment management and intergovernmental
relations. While more detailed sector-specific
recommendations are contained in the sectoral policy notes,
more general recommendations on fiscal policy will also
contribute to sustainable fiscal consolidation.
Link to Data Set
Citation
“World Bank. 2014. Kyrgyz Republic Public Expenditure Review Policy Notes : Strategic Setting. © Washington, DC. http://hdl.handle.net/10986/19310 License: CC BY 3.0 IGO.”