Tajik authorities plan to increase budget revenues to 32.2 billion somoni in 2023, which is 36.4 percent or 8.6 billion somoni more compared to the revised budget revenues target.
The draft law on the national budget for 2021 and forecast of national budget indicators for 2022-2023 says that the 2021 budget projects the revenues to stand at 27.6 billion somoni, the 2022 budget – more than 30.9 billion somoni, and the 2023 budget – more than 32.2 billion somoni.
Parameters of the budget for this year were revised in June due to the coronavirus pandemic. The total volume of the revised budget revenue part was projected to stand at 23.6 million somoni instead of previously planned 26.1 billion somoni. The revised budget expenditure part was projected to stand at 26 billion somoni, which is 400 million somoni fewer than it was originally planned.
Meanwhile, the government projects that the expenditure part of the budget will rise 26.1 percent or 6.8 billion in 2023 compared the revised expenditure part of the 2020 budget.
The expenditure part of Tajikistan’s budget is projected to stand at 28.1 billion somoni in 2021, 31.5 billion somoni in 2022 and 32.8 billion somoni in 2023
Over the first nine months of this year, Tajikistan’s budget has received 565 million somoni (equivalent to some 55 million U.S. dollars) less than it was originally planned due to reduction in the main taxes.
Over the reporting period, a total volume of the country’s budget has amounted to some 16.506 billion somoni, which was 565 million somoni fewer or 96.3 percent of the target, according to the Ministry of Finance (MoF).
The national budget has received 565 million somoni less in January-September due to reduction in main taxes – income tax, corporate tax and value added tax.
The share of taxes in the country’s budget is some 68 percent.
Therefore, the expenditure part of the budget has not been fulfilled and practically all sectors have received funds less than it was originally planned.
Funding of public health, public management, education as well as culture and sports has been cut significantly.
