MPs of the Legislative Chamber, heads of ministries and departments, banks and commercial banks participated in the meeting.

It was said that the main financial document of Uzbekistan is directed at further updating and modernizing the country, insuring macroeconomic stability, achieving high economic growth, creating favourable investment and business environment, improving life standards of population.

It is expected that Uzbekistan’s gross domestic product will grow by 8.1% in 2014 and industrial production – by 8.3%, agriculture output – by 6%, and the capital investments – by 9,5%.

It was said that the income part of the State Budget will increase relation to the GDP.

It is planned to implement several measures directed at macroeconomic growth and increasing prosperity of population, supporting small and private businesses, decreasing tax burden and improving investment environment.

In order to improve legal foundation for public finance management and increase state service, it is planned to introduce Budget Code of Uzbekistan as an experiment in 2014-2015.

The Budget Code will allow to systematize budget process, eliminate contradictions and old-dated norms, as well as unite legislation in budget process.

It was said that the State Budget for 2014 pays great attention to social support of population, improving well-being of population due to increasing salaries, pensions, stipends and social allowances.

The committee adopted a corresponding decision after the discussions.