The Ministry of Finance of the Kyrgyz Republic held a training seminar today dedicated to preparing for the national assessment of public financial management using the PEFA 2016 methodology.
Opening the event, the First Deputy Minister of Finance Ruslan Suynaliev stated that PEFA, developed with the participation of organizations such as the World Bank, the International Monetary Fund, and the European Commission, is a recognized international standard for assessing budget processes.
He also noted that conducting this assessment in 2026 is particularly significant given the substantial increase in financial indicators: preliminary data for 2025 indicates a budget surplus of 2.5% of GDP, an increase in the consolidated budget to 55.7% of GDP, and more than a threefold increase in tax revenues compared to 2021.
According to Suynaliev, the expansion of the resource base requires an improvement in the quality of financial management, and PEFA-2026 will provide an opportunity to objectively assess the results achieved and identify priorities for future reforms. This will be the fifth national assessment, continuing the tradition of systematic monitoring that began in 2006.
To implement the assessment, the European Union has engaged the international consulting company LINPICO SARL. Suynaliev urged all government agencies to provide data in a timely manner and actively cooperate with the expert group, emphasizing the importance of open and responsible interaction.
The seminar was aimed at practically familiarizing participants with the PEFA 2016 methodology, the structure of indicators, and the requirements for preparing reporting materials.
