On 1 November, the Ministry of Finance held a presentation of the next information publication “Budget for Citizens” on the draft State Budget of the Republic of Uzbekistan for 2020, prepared as part of the implementation of the Decree of the President of the Republic of Uzbekistan “On measures to ensure transparency of budget data and active participation of citizens in the budget process”.
The Public-Private Partnership Development Agency under the Ministry of Finance is implementing a systematic approach to the training of PPP specialists in accordance with international standards - APMG. This program is implemented with the assistance of the EBRD.
On 31 October, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting to discuss macroeconomic indicators, the implementation of fiscal policy, the projected execution of the national budget by the end of the year, and corresponding parameters for 2020.
The Government of Uzbekistan appointed the first deputy chairman of the Board of the National Bank for Foreign Economic Affairs.
The European Bank for Reconstruction and Development (EBRD) opened its second office in Uzbekistan.
A meeting was held at the Ministry of Finance with the Executive Director of the Asian Development Bank, Inchang Song, who is on an official working visit to the Republic of Uzbekistan.
A meeting was held at the State Tax Committee with representatives of Huawei and CEIEC, the leading software developers in the tax system of the People’s Republic of China.
Uzbekistan is undergoing an unprecedented economic transformation. In the last three years, this nation of 33 million—the largest in Central Asia—has opened up and embraced a free market economy after 25 years of centrally-planned economic management. The Uzbek government has rapidly embraced vital reforms critical to its future development such as liberalizing trade and the currency regime. These are welcome advancements that will establish a foundation for future growth and development.
In January-September 2019, the average monthly nominal accrued salary in the Republic of Uzbekistan made up 2.21 million soums (including allowances for salaries, remuneration, incentive payments, compensation payments and payment for unworked time) , as well as withholding tax on individuals and the union fund), and increased, compared to the same period of 2018, by 31.2%.