Kyrgyz Republic: Fiscal Sustainability Study

Kyrgyz Republic: Fiscal Sustainability Study

by World Bank Staff
     
 
After the break-up of the Soviet Union, the economic contraction in the Kyrgyz Republic was among the worst experienced in the Commonwealth of Independent States (CIS). Their output declined by fifty percent between the years 1991 and 1995. The fiscal costs to the country were nothing short of disastrous. Just as the Kyrgyz Republic was about to decisively restore

Overview

After the break-up of the Soviet Union, the economic contraction in the Kyrgyz Republic was among the worst experienced in the Commonwealth of Independent States (CIS). Their output declined by fifty percent between the years 1991 and 1995. The fiscal costs to the country were nothing short of disastrous. Just as the Kyrgyz Republic was about to decisively restore growth and macroeconomic stability, a series of natural disasters and a regional crisis caused another fiscal setback.

This report details a set of measures which, if implemented, will restore fiscal stability to the country. It focuses on reforming public utilities and the tax system, citing these as in the most need of reform.

Product Details

ISBN-13:
9780821350515
Publisher:
World Bank Publications
Publication date:
01/01/2002
Series:
Country Studies
Pages:
112
Product dimensions:
8.30(w) x 10.60(h) x 0.30(d)

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