MPs discuss execution of state budget in first half of 2017

Tashkent, Uzbekistan (UzDaily.com) -- On 11 September 2017, the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan held a session to discuss execution of the State budget and the budgets of state trust funds for the first half of 2017.

Earlier, preliminary discussions were held on this issue at the meetings of political parties and deputy group members of the Ecological Movement, as well as the profile committee of the Legislative Chamber.

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.

It was noted that 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.

After discusssions, MPs adopted a resolution to approve the report on execution of the State Budget and the budgets of state trust funds for the first half of 2017.

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