Treasury Reform in Kazakhstan: Lessons for Other Countries

August 1, 2002

Preview Citation

Format: Chicago

Eivind Tandberg, and S. Ramamurthy Treasury Reform in Kazakhstan: Lessons for Other Countries, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Kazakhstan’s government has established a comprehensive and efficient treasury system for government revenues and expenditures, and introduced a state-of-the-art government financial management information system. Kazakhstan is among the leading BRO (Baltics, Russia, and other Former Soviet Union) countries in modernizing its budget execution system despite remaining challenges in other areas of fiscal management. The successful outcomes are related partly to the high quality of the reform process, and partly to the institutional design of the Kazakh treasury. Some design features are common for most well-functioning treasuries. Other features are related to the specific economic factors, institutional features, and financial management objectives of a transition economy, with a strong emphasis on fiscal control and financial discipline.

Subject: Budget classification, Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Baltics, Budget, Budget classification, Budget execution and treasury management, Budget planning and preparation, Budget reform, Cash resource, Country, Firm, Fiscal accounting and reporting, Government, Government system requirement, Kazakh government account, Kazakh treasury reform, Kazakh Treasury system, Reform process, Transition economies, Treasury, Treasury reform, Treasury system, WP

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/129
Stock No:

WPIEA1292002
ISBN:

9781451855128
ISSN:

1018-5941

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