Tajikistan Public Expenditure Review - Strategic Issues for the Medium-Term Reform Agenda

Jul 19, 2026

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Tajikistan Public Expenditure Review outlines strategic issues shaping the medium-term reform agenda across macro-fiscal stability and public spending performance. It reviews macro-fiscal challenges, recent policy responses, and sustainability risks, then focuses on improving public financial management, tax policy and administration, and public investment management. The review also addresses healthcare and education upgrades, pension reform, and intergovernmental fiscal relations, closing with actionable recommendations to support sustainable and inclusive growth.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages202

Reading Time8 h 29 min

AccessFree to download

Executive Summary

Addressing Tajikistan’s Macro-Fiscal Challenges

Improving Public Financial Management

Reforming Tax Policy and Tax Administration

Strengthening Public Investment Management

Improving Healthcare

Upgrading Education

Reforming Pensions

Improving Intergovernmental Fiscal Relations

Chapter 1. Addressing Macro-Fiscal Challenges

Trends in the Real Economy Before COVID-19

Tajikistan’s Policy Response to COVID-19

Fiscal Developments and Sustainability

The Medium-Term Outlook

Challenges and Risks

Recommendations

Chapter 2. Attaining Sustainable Public Financial Management

Introduction

The Case for Effective Public Financial Management

Legislative and Institutional Framework for PFM

Overview of Development Efforts and Progress in PFM

Performance and Challenges in Key PFM Areas

Recommendations

Chapter 3. Reforming Tax Policy and Administration for Sustainable and Inclusive Growth in Tajikistan

Public Disclosure Authorized Public Disclosure Authorized TAJIKISTAN Public Expenditure Review Strategic Issues for the Medium-Term Reform Agenda (P172237) December 2021 Macroeconomics, Trade and Investment Global Practice Europe and Central Asia Region Document of the World Bank GOVERNMENT FISCAL YEAR January 1–December 31 CURRENCY EQUIVALENTS (Exchange Rate Effective as of October 20, 2021 Currency Unit = Tajikistan Somoni (TJS) US$1 = TJS 11.29 WEIGHTS AND MEASURES Metric System ABBREVIATIONS AND ACRONYMS ADB Asia Development Bank CAB Current Account Balance CBA Cost-Benefit Analysis CIT Corporate Income Tax CIS Commonwealth of Independent States DSA Debt Sustainability Analysis EEU Eurasian Economic Union FDC Funded Defined Contribution FDI Foreign Direct Investment FEZ Free Economic Zone GBAO Gorno-Badashkhan Oblast GDP Gross Domestic Product IDA International Development Association IFC International Finance Corporation IFI International Financial Institution IFRS International Financial Reporting Standards IMF International Monetary Fund LIC Low-Income Country LMIC Lower-Middle Income Country MoEDT Ministry of Economic Development and Trade MoF Ministry of Finance NBT National Bank of Tajikistan NDC Notional Defined Contribution OECD Organization for Economic Co-operation and Development PCF Per capita financing PER Public Expenditure Review PFM Public Financial Management PIM Public Investment Management PIP Public Investment Program PPA Power Purchase Agreement PPP Public-Private Partnership SCISPM State Committee on Investment and State Property Management, Government of Tajikistan SOE State-Owned Enterprise TSA Treasury Single Account UHC Universal Health Coverage VAT Value Added Tax WBG World Bank Group | Vice President Country Directors Country Managers Regional Director Practice Manager Lead Economist Task Team Leader | Anna Bjerde
Lilia Burunciuc and Tatiana Proskuryakova Jan-Peter Olters and Ozan Sevimli
Lalita Moorty Sandeep Mahajan Ivailo Izvorski Gohar Gyulumyan | | --- | --- | TABLE OF CONTENTS ACKNOWLEDGMENTS .......................................................................................................................... 1 EXECUTIVE SUMMARY ........................................................................................................................ 3 A. Addressing Tajikistan’s Macro-Fiscal Challenges ..........................................................................4 B. Improving Public Financial Management........................................................................................ 6 C. Reforming Tax Policy and Tax Administration...............................................................................7 D. Strengthening Public Investment Management ............................................................................... 8 E. Improving Healthcare ...................................................................................................................... 9 F. Upgrading Education ..................................................................................................................... 10 G. Reforming Pensions ....................................................................................................................... 11 H. Improving Intergovernmental Fiscal Relations.............................................................................. 12 I. Recommendations.......................................................................................................................... 14 CHAPTER 1. ADDRESSING MACRO-FISCAL CHALLENGES ................................................. 18 A. Trends in the Real Economy Before COVID-19 ........................................................................... 18 B. Tajikistan’s Policy Response to COVID-19 ..........................................

FAQs

What macro-fiscal issues does the review address for Tajikistan’s medium-term reform agenda?

The review examines macro-fiscal challenges, fiscal developments and sustainability, the medium-term outlook, and associated challenges and risks before and around COVID-19, then proposes recommendations.

How does the report propose improving public financial management (PFM)?

It reviews the case for effective PFM, the legislative and institutional framework, progress in development efforts, and performance challenges across key PFM areas, followed by recommendations.

Which other reform areas are covered beyond macro-fiscal stability and PFM?

The review covers tax policy and tax administration, public investment management, healthcare improvements, education upgrades, pension reform, and intergovernmental fiscal relations, ending with overall recommendations.

Jul 19, 2026

Upload by Aria