Presided over by President Emomali Rahmon, a meeting of the Government of Tajikistan took place on October 31.
The Tajik president’s official website says the meeting reviewed the results of work carried out over the first nine months of this year and tasks for period until the end of 2024.
Speaking at the meeting, Rahmon stated that over the first nine months of this year, the rate of growth of the gross domestic product (GDP) was ensured at the level of 8.4 percent.
During this period, the volume of industrial production reportedly increased by more than 15%, agriculture by more than 11%, paid services by 16%, cargo transportation by 15%, passenger carriage and trade turnover by 12% each, and capital investment by 7%, and the inflation rate within the target indicators was 3%.
President Emomali Rahmon emphasized that, despite the mentioned results, there are still a number of shortcomings and deficiencies that require urgent measures from the government, ministries, agencies and local executive bodies.
He, in particular, instructed to ensure the rate of economic development of the country at the level of not less than 8.0 percent through the effective implementation of the adopted programs and plans.
It was emphasized that in January-September, the budget revenues were overfulfilled by 5.4%, reaching 33.3 billion somonis.
The head of state reportedly stated that 334 million dollars of foreign direct investment was registered in the country over the first nine months of this year, which is 58% more than in the same period last year.
It was emphasized that in January-September this year, agricultural product from all categories of farms was 52.3 billion somonis and increased by 11.4 percent compared to the same period last year.
In the continuation of the meeting, the country’s budget for 2025 and forecast of state budget indicators for 2026-2027 were discussed.
Speaking at the meeting, Emomali Rahmon noted that the national budget for 2025 would aim at implementing the country’s social and economic policy ensuring sustainable development of the national economy, improving living standards and social protection of the population, and reducing the impact of negative external and internal factors on it.
The revenue part of the budget for 2025 is projected to stand at 49.5 billion somonis, which is 6.6 billion somonis or 15.4 percent more than revenues of the endorsed national budget for this year. The 2025 budget revenues will be 29.9 percent of GDP.
Current revenues of the 2024 budget are reportedly estimated at 35.5 billion somonis, which is 6.5 billion somonis or 22.5% more than it was originally planned.
The 2025 budget expenditures are forecasted to stand at 51.6 billion somonis, which is 7.5 billion somonis or 17 percent more than the expenditures of the endorsed national budget for 2024, and is equal to 31.1 percent of GDP for next year.
Indicators of the draft public budget for 2025 reportedly reflect the economic and social development of the country.
Social spending will account for 46.3 percent (23.9 billion somonis) of budget allocations
In 2025, the budget projects expenditure of 15.2 billion somonis in the real sectors of the country’s economy.
Regarding the prospects of the state budget indicators for 2026-2027, it was emphasized that the indicators of the prospects of revenues and expenditures of the country’s state budget for 2026-2027 are the logical continuation of the budget project of 2025.
The revenues of the state budget for 2026 are foreseen in the amount of 53.4 billion somonis and revenues of the state budget for projected to stand at 57.6 billion somonis.
The state budget expenditures for 2026 are expected to stand at 54.9 billion somonis and for 2027 at 59.3 billion somonis.
