MPs, heads of ministries and departments, as well as other officials participated in the event, the press service of the Legislative Chamber said.

It was noted that Uzbekistan recorded 8% growth of GDP in 2013, industrial output – 8.8%, agriculture output – 6.8%, construction works – 16.6%, services – 13.5% and retail trade turnover – 14.8%.

Measures on diversification of export structure and support of businesses, expansion of markets helped to increase exports by 10.9% and foreign trade surplus reached US$1.3 billion. Share of ready products in exports reached over 72%.

The volume of used investments grew by 11.3% in 2013 due to active investment policy, modernization and re-equipment of key industries of economy, development of construction of houses, transport and communication infrastructure. Over 150 large investment projects have been completed in 2013.

Rational use of investments, successful implementation of localization programme helped to increase receipt from VAT tax by 26.6% year-on-year in 2013, which is one of important results of diversification and modernization of economy.

The share of small businesses in the GDP grew from 54.6% in 2012 to 55.8% in 2013. About 970,000 new jobs were created in 2013, of which 60.3% fell to share of rural areas.

The state budget was executed with 0.3% surplus to the GDP and inflation did not exceed the forecasted levels.

Speaking about the first quarter of 2014, it was said that the GDP of Uzbekistan rose by 7.5%, industrial products – 8.9%, consumer goods – 12.8%, agriculture products – 6.2%, construction works – 15.5%, retail trade turnover – 14.3% and services – 9.1%.

The state budget focused on development of social sphere, education, healthcare, finance pensions and stipends, etc.

Over 58.7% of the expenses of the budget were directed to social sphere in 2013. The salaries of the public organizations, pensions, stipends and allowances grew by 20.8% and real income population rose by 16% in 2013.

The expenses to social sphere of the state budget was 58.5% and real income of population increased by 12.8% in the first quarter of 2014.

At the same time, the participants criticized untargeted use of budget resources and financial violations. Some companies had receivables and bill payable, as well as debts before the budget.

MPs made several proposals on improving effective and targeted use of budget resources, ensure compliance to financial discipline of the companies, strict execution of the budget, etc.

The committee adopted corresponding decision after the meeting.