Tajik parliament approves 2025 budget with deficit of 1.2% of GDP

DUSHANBE. Dec 4 (Interfax) - Members of the lower house of the Tajik parliament approved the law on the country's 2025 state budget and the forecasted budget figures for 2026-2027 at a session on Wednesday.

Revenues in the 2025 budget are set at 49.6 billion somoni and expenditures at 51.6 billion somoni, Khovar National Information Agency of Tajikistan (NIAT) said, citing the parliamentary press service.

The budget has been drawn up while taking into account a forecast for gross domestic product of 166.1 billion somoni. The budget deficit will thus amount to 2 billion somoni, which is 3.9% of expenditures and 1.2% of GDP.

It is anticipated that the revenue part of the budget will be formed from 22.7 billion somoni in income collected by tax authorities, 10.4 billion somoni from customs, 1.2 billion somoni from non-tax imports and 11.2 billion somoni from state investment projects (60% from grants, 40% from loans).

In the structure of total expenditures, it is planned that 23.9 billion somoni will be allocated to financing the social sector and 15.2 billion somoni to the development of the real sector of the economy, which "will contribute to strengthening production capacity and increasing the country's export potential," the agency said.

Tajikistan's 2024 budget was adopted with revenues set at 43 billion somoni, expenditures at 44.1 billion somoni and a deficit of 1.1 billion somoni, which is 2.5% of expenditures and 0.8% of GDP.

The official exchange rate as of December 4 is 10.9 somoni/$1.