[{"bbox": [96, 153, 1133, 233], "category": "Text", "text": "a number of components of tax fiscalisation procedures. These projects include: electronic reporting of revenues and tax returns, electronic issuance of certificates and patents, electronic marking of goods for trade, electronic invoices, electronic monitoring or gas stations and petroleum and extracting products."}, {"bbox": [96, 238, 1133, 318], "category": "Text", "text": "The ongoing World Bank technical assistance project (2021-2025) for the State Tax Service and the National Statistical Committee helps improve revenue collection (especially VAT), enhance tax administration, strengthen tax compliance and improve data compilation."}, {"bbox": [96, 344, 1056, 398], "category": "Text", "text": "**In conclusion, the public finance management reform strategy is sufficiently relevant and credible, including on domestic revenue mobilisation, and the eligibility criterion is met.**"}, {"bbox": [86, 412, 529, 439], "category": "Section-header", "text": "### 2.3.5 Transparency and Oversight of the Budget"}, {"bbox": [96, 459, 1133, 567], "category": "Text", "text": "The entry point is met, as the Enacted Budget (for fiscal year 2024) was published on 18 January 2024. The transparency of the budget has been considerably enhanced since the relatively poor score of 20 ‘Scant or No Information Available’ in the Open Budget Index (OBI) of 2012 to 62 ‘Substantial Information Available’ of 2021 as a result of the Government’s efforts to address the issues raised by the Open Budget Survey (OBS) in 2012."}, {"bbox": [96, 572, 1133, 677], "category": "Text", "text": "Since 2013, the preliminary budget statement, MTBF, draft budget, and Budget Law, as well as monthly, six-monthly, and annual reports on execution have been published in a timely manner on the website of the Finance Ministry. MTBF and Budget Circulars and Citizen’s Budget have also been made available at the respective MoF’s website."}, {"bbox": [96, 684, 1133, 982], "category": "Text", "text": "The Annual Audit Report of the Accounts Chamber (AC) is timely published and available on the AC’s website.\nRegular public budget hearings on the draft budget and budget execution reports contributed to increased participation of the civil society. However, continuation of mechanisms to engage with citizens during the budget implementation phase shall be pursued. Although the Parliamentary/legislative oversight has been strengthened over the years, it still needs to improve examination of the executive’s budget proposal and in-year budget implementation and publish reports with their analysis and findings online. All key recommendations are reflected in the latest OBS encompassing 2021 data published in May 2022, where the overall OBI score increased from 55 in 2017 to 62 in 2021 but slightly dropped in comparison with 63 in 2019. The Kyrgyz Republic has a public participation score of 26 (33 in 2019). Further, the legislature and supreme audit institution in the Kyrgyz Republic provide relatively adequate oversight during the budget process, with a composite oversight score of 61 (78 in 2019)."}, {"bbox": [96, 988, 1133, 1043], "category": "Text", "text": "A transparency score above 61 indicates that the country is likely publishing enough material to support informed public debate on the budget."}, {"bbox": [96, 1048, 1133, 1235], "category": "Text", "text": "The Kyrgyz Republic has improved the availability of budget information by increasing the information provided in the Audit Report. However, the country should prioritise the following actions to further improve the budget transparency, notably publishing revised and updated expenditure and revenue estimates in the Mid-Year Review online in a timely manner; publishing performance reports for all ministries as part of the Year-End Report with information on actual expenditures, achievement of targets, and results for all budget programs; publishing expenditures for administrative budget programs in In-Year Reports; publishing the narrative accompanying the Year-End Report with explanatory description of the budget's performance."}, {"bbox": [96, 1240, 1133, 1295], "category": "Text", "text": "The 2021 PEFA assessment demonstrated that Pillar II- Transparency of public finances (PIs 4-9) has been improved."}, {"bbox": [96, 1305, 1133, 1412], "category": "Text", "text": "**Budget classification/PI-4** single-dimensional indicator is upgraded from B to A. There is full alignment between the classification systems used for the budget as presented to Parliament and the Chart of Accounts that underpins reporting and accounting for revenue and expenditure. Both incorporate administrative, economic, functional and sub-functional/ programme classifications for revenue and expenditure."}, {"bbox": [96, 1423, 1133, 1504], "category": "Text", "text": "The Kyrgyz Republic scores well on PI-5 concerning the information provided to Parliament in the budget documentation. Eleven out of twelve elements of the requisite information are provided, including all four basic elements. The score is upgraded from B to A."}, {"bbox": [96, 1517, 1125, 1599], "category": "Text", "text": "**Central government operations outside financial reports/PI-6** indicator is upgraded from D+ to B. The revised Budget Code, which came into force at the beginning of 2017, requires the budgets of the Social and Health Funds to be subject to the same Parliamentary procedures in the same timescale as the Republican Budget."}, {"bbox": [96, 1610, 1133, 1637], "category": "Text", "text": "**Transfers to subnational governments/PI-7** indicator is assessed as B+. All 484 Local Self-Governments (LSGs)"}, {"bbox": [1027, 1681, 1144, 1706], "category": "Page-footer", "text": "Page 14 of 34"}]