Kazakhstan : Public Expenditure Review, Volume 2. Main Report
The report is the public expenditure review for Kazakhstan, and builds upon previous work on the country's transition experience to a market-oriented economy, and of recent public sector reforms. It comprises three volumes, namely, the Summary...
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Language: | English en_US |
Published: |
Washington, DC
2013
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Online Access: | http://documents.worldbank.org/curated/en/2000/06/436977/kazakhstan-public-expenditure-review-vol-2-3-main-report http://hdl.handle.net/10986/15264 |
Summary: | The report is the public expenditure
review for Kazakhstan, and builds upon previous work on the
country's transition experience to a market-oriented
economy, and of recent public sector reforms. It comprises
three volumes, namely, the Summary Report, the Main Report,
and Annexes and Statistical Appendix, aiming at identifying
key public expenditure issues, suggesting also, possible
strategies, and policy options. Although the country
achieved significant progress in liberalizing, and
stabilizing the economy, including implementing
institutional reforms to discipline public expenditures,
outstanding issues remain, particularly regarding the
persistent fiscal imbalance, the deficient domestic resource
mobilization management, unreliable expenditure
prioritization, and inefficient budgetary execution. The
report suggests strategy options, and policy reforms that
should, through a programmed deficit reduction, attain
fiscal sustainability. These options address: the
rationalization of domestic resource mobilization, mainly
oil/gas rents to preserve domestic savings, capital, and
development of non-oil sectors; the need for governmental
action on program priority, such as budgeting, and
performance evaluation; strengthening intergovernmental
relations, through improved fiscal decentralization,
increased local accountability, and tax reforms; and,
creating the initiative for private participation. |
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