The Eurasian Stabilization and Development Fund (ESDF) and the government of Tajikistan are planning to jointly implement a project to expand program budgeting. This initiative aims to align national development goals in Tajikistan by harmonizing strategic plans and medium-term budgets through the expansion of program budgeting practices.
Program budgeting allows for a clear link between expenditures and the results of implemented state programs developed based on strategic objectives. The technical assistance project "Expansion of the Implementation of Program Budgeting Principles" in Tajikistan, for which ESDF has allocated $1.6 million on a non-repayable basis, includes several components.
This project will involve developing the necessary legal framework and establishing a system of non-financial indicators to enhance the implementation and quality of program budgeting. Employees of ministries and agencies involved in budget processes will undergo training.
During their visit to Dushanbe, ESDF staff held meetings with representatives of the Ministry of Finance and the Ministry of Economic Development and Trade. Discussions focused on the current status of approved budget programs, necessary actions to expand the implementation of program budgeting in the country, and improving its quality. Negotiations were also held with development partners to clarify approaches to cooperation in developing program budgeting in Tajikistan and coordinating joint efforts.
Projects under consideration include the rehabilitation of the Nurek Hydroelectric Power Plant, modernization of irrigation systems, a public health program in remote areas called "Health Caravan," support for the budget during the COVID-19 pandemic, social expenditures, and socio-economic reforms.
The Eurasian Stabilization and Development Fund is a regional financial mechanism with a volume of over $9 billion. Established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, the Fund aims to overcome negative crisis consequences, ensure long-term stability, and promote the integration of the economies of the participating countries.
