Uzbekistan’s GDP to grow by 5.4 percent in 1H
25/06/2019 20:30
Uzbekistan’s GDP to grow by 5.4 percent in 1H
25/06/2019 20:30
Tashkent, Uzbekistan (UzDaily.com) -- President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on 25 June devoted to the analysis of the ongoing work on the socio-economic development of the country, as well as the results and qualitative changes expected in this direction in the first half of this year.
The meeting participants noted that as a result of an active investment policy, attracting primarily foreign direct investment in sectors of the economy and regions, as well as the introduction and consistent implementation of new effective mechanisms for the full assistance of entrepreneurs and investors, high economic growth rates are ensured. Thus, it is expected that in the first half of this year, the volume of gross domestic product will grow by 5.4 percent, industrial production - by 7 percent, construction and contract work - by 9.6 percent, and the volume of services rendered - by 13.9 percent . It was especially emphasized that in achieving such results an important factor is primarily the almost one and a half increase in the volume of utilized investments.
At the same time, it is indicated that there are still not fully involved reserves and opportunities in all sectors and regions. The relevant leaders have been given specific tasks to create modern enterprises and new jobs, increase production and export of products. It was entrusted to expand the revenue base of local budgets, to direct additional revenues to the development of social and communal spheres, improvement of villages and makhallas, and improvement of the life of the population as a whole.
In particular, it was instructed to take additional measures to accelerate the implementation of programs and specific investment projects developed as part of the head of state’s visits to the regions, as well as to form new projects.
The meeting also reviewed the state of the ongoing large-scale work to improve the architectural appearance of cities and regions, the improvement of settlements, construction and repair of housing, water supply networks, sewage systems, electricity, local and internal roads in the framework of the programs “Rim of villages” and “Rim mahalla”. The need for timely allocation and development of the necessary financial and other resources, high-quality implementation of the planned work.
The meeting heard reports of the heads of the Cabinet of Ministers, ministries and departments, business associations and regions. The measures to increase the personal responsibility of the relevant managers for the unconditional achievement of the forecast indicators and specific objectives for the development of each industry and region were identified.
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