DUSHANBE , January 17, Asia-Plus - Of 300 joint ventures registered in the country, only 50-60 have to date functioned, Matlubkhon Davlatov, Chairman of the State Finance Control Committee, remarked at a news conference in Dushanbe on January 16.  He noted, “Financing of some enterprises is of no benefit to the state.”  

“Joint ventures with share from state are audited once two years,” Mr. Davlatov said.  

“Inspection of joint ventures is very difficult, especially as some heads hold that the State Finance Control Committee does not have such right and it should audit only the state-owned enterprises,” the State Finance Control Committee head said, adding that such heads have what to lose.  “For example, they may attribute any, even personal expenses (purchase of house or car), to cost price of their output and thereby not to pay tax on income,” Davlatov said.

According to him such machinations were revealed during inspection of many joint ventures functioning in the republic.  He termed the Joint Venture “Zarafshon” as an example, noting that the results of inspections have shown that “during ten years of its functioning, this enterprise caused only damage to the state.”  “Financing of this enterprise is of no benefit to the state,” he stressed.  “This enterprise has never applied to the Tajik Ministry of Finance or the World Bank for the purpose of realizing the produced gold and it is unknown where the produced gold has got to.”