Kyrgyz Republic Public Expenditure Review : Better Spending for Building Human Capital
The Kyrgyz Republic economy has been hit hard by the Coronavirus disease of 2019 (COVID-19) pandemic, putting at risk the development progress achieved in recent years. The COVID-19 pandemic has added substantial pressures on the country’s fiscal s...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/908881623752645890/Kyrgyz-Republic-Public-Expenditure-Review-Better-Spending-for-Building-Human-Capital http://hdl.handle.net/10986/35790 |
| Summary: | The Kyrgyz Republic economy has been hit
hard by the Coronavirus disease of 2019 (COVID-19) pandemic,
putting at risk the development progress achieved in recent
years. The COVID-19 pandemic has added substantial pressures
on the country’s fiscal space for investing in human
capital. The pandemic has eroded the Kyrgyz Republic’s
recent gain in human capital development. Education and
health are critical factors for improving human capital and
sustaining inclusive economic growth and development. The
Kyrgyz Republic has continued prioritizing education and
social protection as its development priority. This report,
phase 2 of the programmatic public expenditure review
(PER2), aims to assist the government of the Kyrgyz Republic
in identifying key constraints to efficient and effective
public spending and policy options for improvements in three
areas: education, health, and pensions, which have become
more pressing post-COVID-19. Ensuring effective and
sustainable pension system may help to safeguard human
capital. Hence, ensuring adequacy, effective, and efficient
spending in education, health, and pensions are critical to
close Kyrgyz’s human capital gaps. To this end, PER1
identified critical areas to increase fiscal space for
development priorities including investing in human capital
including curtailing the growth of public wages while
reducing tax expenditures and the large energy subsidies and
quasi-fiscal deficits. |
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