In 2026, nearly a quarter of Tajikistan’s total state spending will be directed toward the fuel and energy sector (FES), according to the draft law “On the State Budget of the Republic of Tajikistan for 2026,” published by the Ministry of Justice.
The draft outlines a planned 15 billion somonis (over $1.6 billion) in funding for the FES — accounting for 22.4% of total state expenditures for the year. This marks an almost 80% increase compared to 2025.
The overall budget expenditure is projected at 67 billion somonis (around $7.2 billion). Approximately 90% of the energy sector budget will be directed toward the ongoing construction of the Roghun Hydropower Plant, one of Tajikistan’s most ambitious infrastructure projects.
Social spending and budget deficit coverage
The 2026 budget also outlines key allocations for social sectors:
· Education: 13.7 billion somonis;
· Healthcare: 5 billion somonis;
· Social protection and insurance: 8.5 billion somonis.
Total revenue for 2026 is projected at 65 billion somonis (approximately $7 billion), which is 31% higher than the current year.
The state budget deficit is capped at 1% of GDP, estimated at 2 billion somonis. The government plans to cover this shortfall through the following sources:
· Issuance of government securities — 1 billion somonis;
· Proceeds from privatization and state property leases — 60 million somonis;
· Surplus funds from the national budget as of January 1, 2026 — 10 million somonis;
· Grants and loans from international financial institutions — 76.4 million somonis;
· Savings from state procurement tenders — 50 million somonis;
· Over-performance of local budget revenue targets — 70.2 million somonis.
