During the session, MPs considered execution of the State Budget of Uzbekistan in the first half of 2012.

It was noted that State Budget of Uzbekistan in the first six months of 2012 was executed in line with the parameters, approved by the parliament. MPs said that GDP of Uzbekistan rose by 8.1% in the first half of 2012.

MPs underlined that the State Budget was implemented with 0.2% surplus to GDP and inflation was in line with set levels.

It was said that despite decreasing single tax payment rate for micro firms and small businesses in industry from 6% to 5%, the income of budget rose by 29,1% in January-June 2012. It was underlined that decreasing rate of income tax for individuals, the receipts rose by 21.3%.

MPs stated that income part of the State Budget was executed with 0.2% surplus. They underlined that 59.6% of expenses of the budget were directed to social sector and social welfare of population, 9.6% to economy, 4.4% to financing of centralized investments, 2.9% - to cover expenses of the state bodies. The budget issued 47.3 billion soums in the first half of 2012.

Abolishment of zero level of single tariffs for payment of labour and decreasing fixed tax for individual busiinesses helped to increase growth of monthly salaries by 19.4% and total income of population by 26.1%.

In the reporting period, young families received preferential consumer and mortgage loans and micro loans on organization of their own businesses for 14 billion soums. Overall, to implement programme of the Year of the Family, over 1.1 billion soums were directed from all sources, including about 100 billion soums from the state budget.

During the session, MPs also considered shortages in execution of the State Budget, losses in some companies, as well as untargeted use of budget resources, etc. MPs approved a corresponding decision in the result of the discussions.