Political factions consider execution of state budget in 1H 2017

Tashkent, Uzbekistan (UzDaily.com) -- Political factions and Ecologic Movement of Uzbekistan held meetings at the Legislative Chamber of Oliy Majlis of Uzbekistan to discuss execution of the state budget and budgets of the state trust funds of the Republic of Uzbekistan in the first half of 2017.

According to the results of the first half of this year, the country’s gross domestic product grew by 7%, industrial production grew by 7.6%, agricultural products by 5.8%, retail trade by 11.1%.

As a result of implementation of complex measures in the first half of 2017, the State Budget was executed in accordance with approved parameters with a surplus of 0.1% of GDP. The level of inflation did not exceed forecasted figures.

During the meeting positive attention was paid to ensuring the social orientation of state budget expenditures, the development of science, education, culture and sport, which is in tune with the party’s goals.

As noted, in the first half of 2017, the revenues of the State Budget grew by 17.6% compared to the same period last year, the forecast was fulfilled by 101.6%.

Deputies also actively discussed the implementation of the expenditure part of the State Budget. It was stressed that in the first half of this year, the state budget expenditures were directed to the priority areas envisaged in the budget parameters, such as the consistent increase in employment and real incomes of the population, improvement of the social protection and health system, growth of women’s socio-political activity, implementation of targeted programs for construction of affordable housing, etc.

As a result of measures taken to expand the revenue base of local budgets, the transfer of their expenditures to the republican budget in the first half of this year achieved the complete withdrawal of the subvention from 7 districts of the Republic of Karakalpakstan and the Tashkent region, as well as 27 districts (cities) of other regions of the country.

The report indicated that the State Employment Assistance Fund’s revenues amounted to 21.4 billion soums, expenses - 21.1 billion soums.

At the meetings, the members of the factions approved a report on the execution of the State Budget and budgets of the state trust funds of the Republic of Uzbekistan in the first half of 2017.

Subscribe to our Telegram channel to keep in touch with latest news. Open this link in any device and click Join button.