The session summed up results of social-economic development of Uzbekistan for 2012 and approved main perspectives of economic programme for 2013.

President of Uzbekistan Islam Karimov said that the GDP of Uzbekistan grew by 8.2% in 2012, industrial output – 7.7%, agriculture production – 7%, and retail trade turnover – 13.9%.

Uzbek leader said that the country ensured macroeconomic stability and balanced economy.

He said that the exports of Uzbekistan rose by 11.6% in 2012 and its structure improved. He said that share on non-raw ready goods in its structure made up over 70%. Current trade balance surplus reached US$1.2 billion.

Inflation rate was in the planned level and did not exceed 7%, Islam Karimov said at the session of the Government. He underlined that growth of income of the state budget was achieved at decreasing tax burden.

In 2012, the rate of single tax payment for small businesses and microfirms was decreased from 6% to 5%, while rate of fixed tax to individuals – in average twice.

Income part of the state budget was executed fully and budget surplus made up 0.4% to GDP, Uzbek President stated.

State budget directed 59.2% of its expenses to finance social sector and measures on social protection of population. Some 34% of budget resources went to education and 14.5% to healthcare.

Investments into fixed capital reached 22.9% of GDP in 2012, which important source of sustainable high economic growth of the country, Islam Karimov said.