Reserve Fund of the President of Tajikistan set to Exceed US$50 Million

The amount held in the reserve fund of the President of Tajikistan, which is spent at the discretion of the head of the country, will increase by 68-million somoni (US$6.25-million) next year, bringing the total set to be held by 2024 to over 563-million somoni (US$51.73-million).

This figure was revealed in the law on the state budget of Tajikistan for the next year, which will come into force on January 1st. The volume of the fund has increased year on year from 404-million somoni in 2021 and 438.5-million somoni in 2022. The volume of the fund is used as an indicator on accounts, and will be used in the calculation of taxes and fines in Tajikistan.

The funds are used at the discretion of President Emomali Rahmon for charity, social work, and emergency situations. In particular, in recent years, republican Olympiads in the field of education and culture have been held using the reserve funds. In 2020, additional allowances were paid from the fund to doctors who worked under the conditions of the coronavirus pandemic. At the same time, prizes were paid from the President’s fund to athletes who won medals in international competitions.

The allocation of scholarships for the education of Tajik citizens in higher educational institutions abroad is estimated from other sections of the fund’s expenses.