Presenting the draft law on the country’s national budget for 2020 to lawmakers, Finance Minister Faiziddin Qahhorzoda noted on November 22 that the budget’s revenues are projected to stand at 26.1 billion somoni (2.3 billion somoni increase compared to this year’s budget) and its expenditures are projected to 26.4 billion somoni (2.2 billion somoni increase).
He said the budget deficit would amount to 349.6 million somoni, which is 0.4 percent of the country’s gross domestic product (GDP).
According to him, the national budget indicators reflect the economic and social development of the country. Social spending will account for 44.4 percent (11.7 billion somoni) of budget allocations.
The minister noted that added changes could be made to the law on the national budget next year. HE did not specify what changes would be made.
