Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    13,800+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    Uzbekistan: Public Finance Management Reform Project

    Asian Development Bank | October 2018
    Abstract
    1. Uzbekistan is the most populous country in Central and West Asia and has the second largest economy. At the time of project preparation in 2006, it had a gross domestic product (GDP) of SUM21.1 billion ($17.3 billion). Uzbekistan has abundant natural resources, including gold, natural gas, copper and uranium. Its economy used to be dominated by agriculture and primary activities and is now led by the services sector. Almost 64% of the population lived in rural areas in 2006. 2. Since its independence in 1991, the country inherited economic problems associated with the collapse of the former Soviet Union and the economy declined until 1996. GDP growth accelerated at an average annual rate of 4.2% from 1999 to 2003 and at 7.3% from 2004 to 2006. Nevertheless, the economic base remained narrow and Uzbekistan was still a low-income country with a per capita GDP of SUM798,000 ($653) in 2006. 3. Since 2000, the Government of Uzbekistan has been working with international partners to prepare the public finance management reform (PFMR). After 7 years of pilot testing, the government adopted a long-term strategic approach to advance the PFMR. Initially, the Asian Development Bank (ADB) was not directly involved in PFMR but coordinated activities, largely through its involvement in financing public sector investment projects. In May 2007, the Ministry of Finance (MOF) developed the Public Finance Management Reform Strategy, 2007–2018 with support from the International Monetary Fund (IMF) and ADB. The strategy outlined a 12-year action plan to (i) establish a functioning treasury system, (ii) adopt and implement a unified budget and accounting system, and (iii) introduce a medium-term budget framework (MTBF) and program budgeting. When the envisaged assistance from the World Bank became unavailable, the government requested ADB support to develop a comprehensive treasury system and implement a unified budget and accounting systems for its PFMR strategy. In this context, ADB prepared the Public Finance Management Reform Project, which was implemented through ADB’s project loan modality.3 The project built and improved on the concept, design documents and procurement packages prepared jointly by the government and the WB in 2005.
    Citation
    Asian Development Bank. 2018. Uzbekistan: Public Finance Management Reform Project. © Asian Development Bank. http://hdl.handle.net/11540/8856.
    Keywords
    Regional Development Finance
    Public Scrutiny of City Finances
    Non-Bank Financial Institutions
    Local Government Finance
    Government Financial Institutions
    Foreign and Domestic Financing
    Financial Risk Management
    Assessing Corporate Governance
    Good Governance
    Governance Approach
    Urban Development Finance
    Trade Finance
    Small Business Finance
    Rural Finance
    Roundtable on International Trade and Finance
    Regional Development Finance
    Finance
    Public Finance
    Governance
    National Budget
    Budgetary Policy
    Educational Budget
    Public Financial Management
    Financial System
    Financial Statistics
    Public Accounting
    Business Financing
    Subsidies
    Social Equity
    Economic Equity
    Project Risks
    Project Impact
    Public Administration
    Corporations
    Taxation
    Public Debt
    Local Government
    Debt Management
    Corporate debt
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    International Banking
    Central Banks
    Business Financing
    Financial Aspects
    Taxation
    Public Debt
    Local Government
    Debt Management
    Pension Funds
    Mutual Funds
    Social Equity
    Financial Aspects
    Fiscal Policy
    Investment Requirements
    Banks
    |Taxing power
    Tax administration and procedure
    Tax policy
    Effect of taxation on labor supply
    Decentralization in government
    Community power
    Corporate divestment
    Civil government
    Delegation of powers
    Equality
    Neighborhood government
    Subnational governments
    Delivery of government services
    Local taxation
    Options
    Government
    Local government
    Taxation
    Grants
    Loans
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    Progressive taxation
    Effect of taxation on land use
    Effect of taxation on labor supply
    Intergovernmental tax relations
    Local taxation
    Options
    Government
    Local government
    Taxation
    Employee pension trusts
    Investment management
    Investments
    Multiemployer pension plans
    Keogh plans
    Individual retirement accounts
    Pension plans
    Employee pension trusts
    Pension trusts
    Accounts
    Savings
    Inheritance and transfer tax
    Trusts and trustees
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8856
    Metadata
    Show full item record
    Thumbnail
    pvr-588.pdf (259.1Kb)
    Author
    Asian Development Bank
    Theme
    Finance
    Governance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise