Baku, Azerbaijan, Jan.11
By Nigar Guliyeva – Trend:
Uzbekistan intends to shift to three-year budget planning system in the years to come, First Deputy Economy Minister of Uzbekistan Mubin Mirzayev said at a meeting of the International Press Club on Jan.11.
He said that presently the Ministry of Finance, the Ministry of Economy are developing a draft of the medium-term budget.
"We plan to prepare at least a two-year budget for a three-year period from 2019 to 2021, and then we will move on to a three-year financial document that will be submitted to the Parliament," he said.
In the 2018- state budget, the GDP is expected to reach 290.6 trillion soums, the GDP deflator - 14.1 percent, the consumer price index - 12.4 - 13.4 percent.
The state budget expenditures are socially oriented. In 2018, expenditures on the social sphere will amount to 34.7 trillion soums, or 55.7 percent of total expenditures.
He also commented on the adjustments made after the criticism of President Shavkat Mirziyoyev, adding that the state budget kept its surplus after corrections.
Mirzayev said that the revenue structure has been changed in the new version of the financial document, however, due to the adjustment of the revenue and expenditure parts, the surplus in the budget practically hasn't changed.
In the original version of the state budget for 2018, a surplus was set at 0.02 percent of GDP or 59 billion soums. For the first time in recent years, it was positive, since most of the previous budgets were approved with a deficit of 1 percent.
The upper house of the Parliament approved it on Dec. 20, 2017, but the president refused to sign it.
The head of state approved a new version of the document on Dec.29 after the adjustment.
The official exchange rate for Jan. 11 is 8139.00 UZS / USD