Kyrgyz Republic Economic Update, Winter 2016 : A Resilient Economy on a Slow Growth Trajectory

World Bank Group

World Bank, Washington, DC

关键词: tax reform;    economic growth;    economic outlook;    structural reforms;    fiscal trends;   

RP-ID  :  112199

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The first part of the Economic Updateanalyzes recent macroeconomic trends and presents anassessment of the country’s short- and medium-term outlook.The Kyrgyz economy has remained resilient to the adverseregional environment, but growth prospects are modest andadjustments needed.Overall, the macroeconomic situationimproved slightly since the shock stemming from Russia’srecession hit in [late 2014]. In the medium term, growthprospects should improve as remittances and the externaldemand environment recover.However, although risks havemoderated, they remain elevated. The main sources of riskrelate to possible adverse developments in neighboringeconomies, principally related to oil prices and exchangerate dynamics. This implies the need to rebuild fiscalbuffers over the next 2-3 years through a mix of expenditureconsolidation and revenue mobilization. The Special FocusSection discusses tax revenue reforms, presenting thefindings of a recent World Bank Tax AdministrationDiagnostics Assessment (TADAT).