Development finance assessment

Despite significant reform efforts Uzbekistan’s public financing and planning system 
remains complex and inefficient.
This undermines the effective financing of a sustainable 
and resilient recovery. Timely implementation of the updated PFM Reform Strategy is 
critical to progress towards performance-based budgeting and effectively mainstreaming 
a medium-term perspective across key budget documents and planning processes. There 
is significant scope to increase fiscal space for social spending to weather the impact of 
the COVID-19 pandemic, including through streamlining tax incentives and exemptions and 
improving public efficiency. 
The below table summarizes the DFA’s main recommendations for harnessing public SDG 
finance:
INCREASING PUBLIC 
FINANCE
• Adopt a Medium-Term Revenue Strategy.
• 
Establish high-quality monitoring of tax benefits
• 
Build capacity to tackle illicit financial flows.
• 
Strengthen the financing of the National Health System.
MEASURES FOR A 
GREENER RECOVERY 
• 
Identify and monitor public and private climate finance to Uzbekistan.
• Consider reforming fossil fuel subsidies.
• Strengthen resilience to the impact of climate risks.
• Develop weather or catastrophe insurance schemes to mitigate against climate 
risks.
• Integrate Strategic Environmental Assessments across policies, plans and programs.
IMPROVE THE 
EFFICIENCY OF 
PUBLIC FINANCE 
MANAGEMENT
• Incentivize inter-ministerial coordination and cooperation.
• Improve SOE governance.
• Make all existing budgetary data and information publicly accessible.
• Strengthen effective enforcement of existing anti-corruption measures.
• 
Introduce a more transparent system of intergovernmental fiscal transfers.