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    Tajikistan

    WB: Tajikistan's government spending to maintain stability throughout 2023

    WB: Tajikistan's government spending to maintain stability throughout 2023

    The World Bank projects that state expenses in Tajikistan will remain stable in 2023. The total expenditure is estimated to be approximately 28.2% of the GDP, marginally lower than the previous year's 29.1%.

    The country's government has announced plans to increase wages and payments by 20-25% across all public sectors, including pensions and student stipends. Besides, it plans to limit its consumption of goods and services to accommodate the higher wage bill. The budget has allocated more funds to education and healthcare, with 13% and 27% increases, respectively.

    Social protection expenses will also rise by 11.6%, and the targeted social assistance program will see a significant boost of 33%.

    The state expenditure regarding the Rogun Hydro Power Plant (HPP) is expected to be limited to $300-$400mn annually.

    The World Bank expects state expenses in Tajikistan will reach 28.6% in 2024 and 2025. Comparatively, state expenses were estimated to be 28% of the GDP in 2021 and 29.2% in 2020.

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    26.07.2023, 12:20   Comments (0)   1020
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