Tajikistan’s gross domestic product (GDP) has risen 7.4 percent in six months to June 30, 2022 reaching 46.3 billion somonis, the Minister of Finance Faiziddin Qahhorzoda told reporters in Dushanbe on July 18.
According to him, total budget revenues, taking into account the funds raised for implementation of national investment projects and special funds of government agencies have amounted to 15.1 billion somonis (2.0-percnt increase).
Budget receipts from domestic revenues have reportedly amounted to 7.3 billion somonis, funds pumped into the budget from economic activities have amounted to 3.4 billion somonis, and special funds of the federally funded organizations pumped into the budget have amounted to 1.2 billion somonis.
The target of the country’s budget for the first six months of this year has been overfulfilled by 4.2 percent. Over the reporting period, the country’s budget has reportedly received 6.3 billion somonis.
Over the same six-month period, expenditures on public management personnel have amounted to 591.2 million, public education – 2.8 billion somonis, public health care – 1.1 billion somonis, utilities – 813.9 million somonis, culture and sports – 465.8 million somonis, energy and fuels – 2.4 billion somonis, agriculture – 361.4 million somonis, construction and industry – 100 million somonis, transport and communications – 925.1 million somonis.
The minister also noted that the current debt-to-GDP ratio is 46.3 percent.
The debt-to-GDP ratio is the metric comparing a country's public debt to its gross domestic product (GDP). By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular country’s ability to pay back its debts.
As of July 1, 2022, the public debt has reportedly amounted to 3.7 billion U.S. dollars.
In January-June, 1.3 billion somonis have been directed to the public debt servicing, including 926 million somonis directed at paying the principal debt and 428 million somonis at paying accrued interest, Qahhorzoda added.
