DUSHANBE, April 30, Asia-Plus – To provide transparency and efficient use of state financial means all sources of financing have been united in the country’s national budget for 2007.
President Rahmon remarked this in his address to parliament on April 30. In the aggregate, the revenue part of the 2007 budget stands at 3.3 billion somonis, according to him.
“Not all money resources have been attracted so far to replenish the budget,” he said, noting that they government ought to thoroughly study the issue of taxation and tax basis, collection of land-tenure taxes and providing tax privileges.
The head of state also proposed to consider the collection of taxes under simplified system and make amendments to the current legislation in the case of necessity.
On the activity of the country’s banking system, the president noted that the main parts of the monetary policy are to provide economy with money and loans and to curb the inflation rate.
He outlined creation of favorable conditions for attracting savings, raising sound competition by means of opening the country’s financial market to foreign countries and increase in the volume of loans, including improvement of microfinancing access for remote mountain areas, as the key tasks of banks in the country.
“In 2006, small and medium-sized enterprises (SMEs) and private persons received totaling 530 million somonis in loans from all sources of financing,” said Rahmon, “This year, a total amount of loans to SMEs and private persons should be brought up to 1.1 billion somonis.”
We will recall that Tajik central bank head Murodali Alimardonov told journalists on April 25 that five foreign banks, including Kazakhstan’s ATFBank, Kazkomertzbank and TuranAlemBank, will enter the Tajik financial market soon. According to him Tajik banks have grown quite strong to stand up to the competition with the new banks.
