DUSHANBE, June 26, 2008, Asia-Plus — A sharp rise is to be observed in Tajik national budget’s expenditures.
This was remarked during presentation of findings of the Second Programming Public Expenditure Review (PPER) in Dushanbe on June 24.
The PPER conducted by the World Bank shows that state expenditures and off-budget funds increased by 27 percent in 2006 and by 30 percent in 30 percent.
World Bank experts noted that under the national budget for 2008 the indicated growth in state expenditures expects to stand at 41 percent.
Therefore, the remuneration of labor in the country is increasing unevenly and without necessary reforms in appropriate sectors.
Capital expenditure, used for loaning, investing and guaranteeing investment projects, is also increasing. From 2004 to 2007, the capital expenditure increased from 8.1 percent to 14.1 percent, while operating (labor remuneration, expenses on repairs to buildings, facilities, etc) expenses increased from 12.1 percent to 13.4 percent over the same four-year period.
According to the PPER, Tajikistan’s national budget will be supported and expanded due to internal borrowings. The volume of necessary internal borrowings amounts to 0.8 percent of gross domestic product (GDP). This leads to increase in aggregate and will impede holding rise in monetary aggregates in the country.
According to Tajik central bank, GDP last year amounted to 12.768 billion somonis, which was 7.8 percent more than in 2006. Tajik central bank expects GDP to rise 8 percent in the year to December 31, 2008, reaching 16.36 billion somonis.
