DUSHANBE, Tajikistan, April 23. The Eurasian Fund for Stabilization and Development (EFSD) has launched the project "Expansion of the Implementation of Program Budgeting Principles" in Tajikistan, Trend reports.
According to the EFSD, for this project, $1.6 million has been allocated on a non-repayable basis. The project includes several components.
In particular, with the funds from the EFSD, the necessary legal framework will be developed in the interests of Tajikistan, and a system of non-financial indicators will be developed to expand and improve the quality of program budgeting implementation. Employees of ministries and departments involved in budget processes will undergo training.
It is noted that the implementation of the project in Tajikistan will increase coherence between strategic plans and medium-term budgets, including through the transition from the estimate-based financing principle to program-targeted financing aimed at specific results.
The EFSD is a regional financial mechanism with a volume of over $9 billion, established in 2009. The objectives of the EFSD include promoting economic and financial stability in the participating states and supporting their sustainable development. Tajikistan is a founding member of the EFSD. During the fund's operation, approximately $240 million has been allocated for the country's development.