Authorities expect the 2012 budget to stand at 35.4 bln somoni

Date:

DUSHANBE, April 15, 2011, Asia-Plus — According to the preliminary estimates, the national budget for 2012 will stand at 35.4 billion somoni, which is 17 percent more than this year’s indictor, Deputy Finance Minister, Jamshed Norinov, said in an interview with Asia-Plus.

“The country’s gross domestic product (GDP) is expected to rise 7 percent next year and inflation for 2012 will stand at 8-10 percent,” the deputy minister said, noting the exchange rate of the national currency, the somoni, against the dollar is expected to be 4.7:1 in 2012.

Norinov noted that those estimates were preliminary and they might be corrected.

He stressed that when forming the national budget for 2012 they would take into account world oil and food markets trends. 

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