budget
International organizations have given very low scores to the openness of Tajikistan’s state budget and the transparency of the state procurement process. The legislation of Tajikistan, regulating this sphere, does not meet the modern requirements of a democratic society and needs to be improved, believes Ikrom Kuchkorov, a CABAR.asia School of Analytics graduate.
Tajik authorities reject the conclusions of international experts that the country’s budget is not transparent. However, experts say that the number of secret budget items has only grown in recent years. (more…)
During the consideration and adoption of the state budget by the lower chamber of Parliament, the Ministry of Finance of Tajikistan annually highlights the social orientation of the country’s main financial document. (more…)
Experts believe that the government has to reduce the tax burden on the private business, which provides up to 80% of tax revenues to the budget in order to ensure tax collections. Otherwise, the entrepreneurs will withdraw their capital from the country whenever possible. (more…)
Money handling requires knowledge and skills. Especially in such countries as the republics of Central Asia, where, according to various estimates, almost one third of population live below the poverty line.
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Due to political situation, some foreign partners of Bishkek authorities suspended financial assistance. (more…)
«In the event of financial instability in Kyrgyzstan, multilateral creditors may increase the interest rates on loans or even refuse from further financing», Nazik Imanbekova sums up in an article for CABAR.asia.
The laws of Kyrgyzstan allow the citizens to put their government budget under control. How well are you aware of these mechanisms? (more…)
The coronavirus pandemic cost all countries a lot. Kazakhstan spent almost $13 billion on countering COVID-19, but the mass infection was not prevented. There was a shortage of medicines and hospital beds. (more…)
Economists predict global economic collapse amid the coronavirus pandemic. Kazakhstan, an oil-producing country with a non-diversified economy will be adversely affected.