Fiscal Policy for Growth and Development in Tajikistan
Tajikistan's economy has recovered strongly after the collapse of the 1990s, but sustaining rapid economic growth over the long term and reducing poverty present major challenges for policymakers. This paper contributes to the debate over the...
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| Format: | Policy Research Working Paper |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9250697/fiscal-policy-growth-development-tajikistan http://hdl.handle.net/10986/6494 |
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okr-10986-64942021-04-23T14:02:31Z Fiscal Policy for Growth and Development in Tajikistan Brownbridge, Martin Canagarajah, Sudharshan ECONOMIC GROWTH EDUCATION ELECTRICITY ENERGY FISCAL SPACE FISCAL SUSTAINABILITY HEALTH INFRASTRUCTURE POVERTY REDUCTION PUBLIC FINANCIAL MANAGEMENT PUBLIC SPENDING TAX ADMINISTRATION Tajikistan's economy has recovered strongly after the collapse of the 1990s, but sustaining rapid economic growth over the long term and reducing poverty present major challenges for policymakers. This paper contributes to the debate over the strategic role for fiscal policy to play in meeting these challenges, utilizing the "fiscal space" approach to assess the long-term potential for expanding public provision of growth-promoting goods and services and evaluating the priorities for public spending. It also analyzes the long-term risks to fiscal sustainability, from external public debt and the quasi fiscal deficit of the electricity sector. The paper contends that institutional reforms in key areas, notably public financial management, tax administration, and the energy sector, are crucial for generating fiscal space and for ensuring that higher levels of public spending are translated into stronger economic growth and poverty reduction. The priorities for government spending should be education, health, and the maintenance of the core networks of the existing infrastructure for energy and transport, rather than new public investment projects. 2012-05-29T13:03:08Z 2012-05-29T13:03:08Z 2008-02 http://documents.worldbank.org/curated/en/2008/02/9250697/fiscal-policy-growth-development-tajikistan http://hdl.handle.net/10986/6494 English Policy Research Working Paper; No. 4532 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Tajikistan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH EDUCATION ELECTRICITY ENERGY FISCAL SPACE FISCAL SUSTAINABILITY HEALTH INFRASTRUCTURE POVERTY REDUCTION PUBLIC FINANCIAL MANAGEMENT PUBLIC SPENDING TAX ADMINISTRATION |
| spellingShingle |
ECONOMIC GROWTH EDUCATION ELECTRICITY ENERGY FISCAL SPACE FISCAL SUSTAINABILITY HEALTH INFRASTRUCTURE POVERTY REDUCTION PUBLIC FINANCIAL MANAGEMENT PUBLIC SPENDING TAX ADMINISTRATION Brownbridge, Martin Canagarajah, Sudharshan Fiscal Policy for Growth and Development in Tajikistan |
| geographic_facet |
Europe and Central Asia Tajikistan |
| relation |
Policy Research Working Paper; No. 4532 |
| description |
Tajikistan's economy has recovered
strongly after the collapse of the 1990s, but sustaining
rapid economic growth over the long term and reducing
poverty present major challenges for policymakers. This
paper contributes to the debate over the strategic role for
fiscal policy to play in meeting these challenges, utilizing
the "fiscal space" approach to assess the
long-term potential for expanding public provision of
growth-promoting goods and services and evaluating the
priorities for public spending. It also analyzes the
long-term risks to fiscal sustainability, from external
public debt and the quasi fiscal deficit of the electricity
sector. The paper contends that institutional reforms in key
areas, notably public financial management, tax
administration, and the energy sector, are crucial for
generating fiscal space and for ensuring that higher levels
of public spending are translated into stronger economic
growth and poverty reduction. The priorities for government
spending should be education, health, and the maintenance of
the core networks of the existing infrastructure for energy
and transport, rather than new public investment projects. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Brownbridge, Martin Canagarajah, Sudharshan |
| author_facet |
Brownbridge, Martin Canagarajah, Sudharshan |
| author_sort |
Brownbridge, Martin |
| title |
Fiscal Policy for Growth and Development in Tajikistan |
| title_short |
Fiscal Policy for Growth and Development in Tajikistan |
| title_full |
Fiscal Policy for Growth and Development in Tajikistan |
| title_fullStr |
Fiscal Policy for Growth and Development in Tajikistan |
| title_full_unstemmed |
Fiscal Policy for Growth and Development in Tajikistan |
| title_sort |
fiscal policy for growth and development in tajikistan |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/02/9250697/fiscal-policy-growth-development-tajikistan http://hdl.handle.net/10986/6494 |
| _version_ |
1764400389441978368 |