Despite decline in the global economy caused by the coronavirus outbreak, Tajikistan plans to increase its national budget for 2021 by 6.1 percent compared to this year’s budget, according to the Tajik president’s official website.
President Emomali Rahmon, who is also Head of the Government, yesterday held a government session to discuss the draft law on the national budget for 2021 and forecast of national budget indicators for 2022-2023.
Besides, members of the government discussed the national external borrowing program designed for 2021 and forecast of its indicators for 2022-2023.
The revenue part of Tajikistan’s 2021 budget is projected to stand at 27.6 billion somoni, which is 1.6 billion somoni ore 6.1 percent more than the 2020 budget.
The expenditure part of the national budget for 2021 is projected to stand at 28.1 billion somoni, which is 1.7 billion somoni more than the approved budget of the current year.
2021 budget indicators reportedly reflect the economic and social development of the country. Social spending will account for 47% (13.2 billion somoni) of budget allocations of 14.2 percent of the gross domestic product (GDP).
The budget, in particular, projects expenditure of more than 5.6 billion somoni in the education sector, 592 million somoni more compared to the 2020 budget, according to the Tajik president’s official website.
In 2021, 2.4 billion somoni is expected to be spent on the health sector, 509 million somoni more compared to the 2020 budget.
The 2021 budget earmarks 4.2 billion somoni for the social protection sphere, which is 262.7 million somoni more compared to this year’s budget.
The budget also projects expenditure 1 billion somoni in the culture and sports sphere, 69.8 million somoni more compared to the 2020 budget.
Based on the forecast of the development of the country's economic sectors, the current revenues of the national budget are reportedly expected to stand at 20.5 billion somoni.
