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NEWS AND EVENTS
June 24, 2013
MPs consider execution of State Budget in 1Q
Legislative Chamber of Oliy Majlis of Uzbekistan considered a report of the Cabinet of Ministers of Uzbekistan on execution of the State Budget of Uzbekistan in the first quarter of 2013.

Deputy Finance Minister Mubin Mirzaev presented a report on the execution of the State Budget of Uzbekistan in the first quarter of 2013 to the MPs, information service of the Legislative Chamber said.

It was said that despite global economic crisis and negative trends, Uzbekistan achieved sustainable growth rates and macroeconomic balance of economy.

It was said that Uzbekistan’s gross domestic product grew by 7.5% year-on-year, industrial production – 6%, agriculture output – 6.2% and construction works – 13.2%. Consumer goods production rose by 9.4%, retail trade turnover – 13.1% and services – 9%.

The banks issued loans for 652.6 billion soums (Currency rates of CB from24.06.2013 1$=2090.70 soums), to enterprises to purchase equipment and increase turnover funds in the first quarter of 2013, which is 1.3 times more year-on-year.

Share of small businesses in industry rose from 19.5% to 21.2% in the reporting period, in investments – from 34.3% to 41.1%, and employment – 74.7% to 75.1%.

In the reporting period, Uzbekistan created 250,400 new jobs, of which 150,000 or 60% were created in rural areas. Small and private businesses created 156,800 new jobs.

Uzbekistan directed 1.3 trillion soums to implementation of the state programme “The Year of Well-Being and Prosperity” due to all sources of financing.

State budget was executed in line with approved parameters. Income of the state budget was 5.37 trillion soums and expenses 5.283 trillion soums. The budget surplus was 86.7 billion soums or 0.4% to GDP.

It was aid that 59.2% of expenses were directed to social sector and to support population. Its share in GDP made up 14.8% and real incomes rose by 15.6%.

In the first quarter, the volume of investments into economy of Uzbekistan reached 4.6 trillion soums, or grew by 7.2% year-on-year. About 68.2% of invetsments were directed to construction of production capacities.

Expenses of budget to economy made up 424.6 billion soums or rose by 22.6% year-on-year. About 272.4 billion soums of them were directed to agriculture and water management. Some 48.6 billion soums were used to finance basic industries and fuel-energy complex.

Expenses of the state budget to environment made up 21.7 billion soums in the first quarter of 2013, of which 7 billion soums used to protect bio diversity and landscape protection, 12.5 billion soums to protect plants and animals, as well as prevent infectious diseases, etc.

The budget also issued 72.5 billion soums to reconstruction and construction of roads and 6.7 billion soums to lightening of streets. After the discussions, the MPs approved execution of the state budget for the first quarter of 2013.

(Source: Uzdaily.com)


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