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Finance 28/11/2015 MPs consider execution of state budget in 9 months of 2015
MPs consider execution of state budget in 9 months of 2015
Tashkent, Uzbekistan (UzDaily.com) -- On 27 November, the Legislative Chamber of Oliy Majlis of Uzbekistan held a session to discuss execution of the state budget of Uzbekistan and off-budget funds in nine months of 2015.

It was underlined that the GDP of Uzbekistan grew by 8% in nine months of 2015, while industrial output grew by 7.3%. The inflation did not exceed planned volume. The foreign trade surplus was recorded in the reporting period.

Income part of the state budget was executed with 0.2% surplus, which made up 22.4% to the GDP. The expenses of the state budget made up 22.3% to the GDP, which allowed to execute the state budget with 0.1% surplus to the GDP.

About 58.7% of expenses of the state budget were directed to social sphere, which is evidence for social orientation of the budget policy.

It was noted that despite decreasing tax burden, the receipts from single tax payment from small firms and microfirms rose by 22.9% and trade and catering enterprises by 25.4%.

MPs noted that large part of social expenses was directed to education and healthcare. It was said that 56.3% of all expenses to social sector were used to maintain and develop educational institutions. At the same time, 24% of expenses to social sector were directed to healthcare system.

The Legislative Chamber approved the report on execution of the state budget and off-budget funds of Uzbekistan for nine months of 2015 and adopted the corresponding resolution.

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