Uzbek budget executed with surplus in 2016
Tashkent, Uzbekistan, June 29
By Demir Azizov — Trend:
In 2016, revenues of the Uzbek state budget amounted to 41.03 trillion soums, expenses were 40.93 trillion soums, and the surplus of the state budget was 100.7 billion soums, says a message posted on the Uzbek Finance Ministry’s website.
According to the Uzbek State Statistics Committee, Uzbekistan’s gross domestic product (GDP) increased by 7.8 percent and amounted to 199.325 trillion soums in 2016.
The state budget revenues accounted for 20.58 percent of GDP, while expenditures accounted for 20.53 percent of GDP in 2016.
The budget surplus accounted for 0.05 percent of GDP in 2016.
Some 9.854 trillion soums (24 percent) of total budget revenues came from direct taxes, while budget revenues from indirect taxes amounted to 21.131 trillion soums (51.5 percent).
A revenue of 5.306 trillion soums (12.9 percent) came from resource payments and property tax. Some 4.74 trillion soums (11.6 percent) came in other non-differentiated revenues.
The biggest part of the budget expenditures, 22.771 trillion soums (55.6 percent), was spent for the social sphere and social support of the Uzbek population in 2016.
Budget expenditures for the economy amounted to 4.336 trillion soums (10.6 percent), expenditures to finance centralized investments amounted to 2.132 trillion soums (5.2 percent), and 1.791 trillion soums (4.4 percent) were spent to upkeep Uzbek state authorities, administration, courts and citizens’ self-government bodies.
As much as 1.336 trillion soums (3.3 percent) were spent via a credit line to co-finance the construction of individual housing. Other expenses amounted to 8.554 trillion soums (20.9 percent).
(3,958.51 soums = $1 on June 29)