BAKU, Azerbaijan, Nov. 27
By Klavdiya Romakayeva - Trend:
The revenues of the Anti-Crisis Fund under the Ministry of Finance of Uzbekistan increased to 13.4 trillion soums ($1.28 billion), due to the fact that measures to combat the coronavirus pandemic last longer than initial estimates, Trend reports citing the press service of the Ministry of Finance of Uzbekistan.
The fund will receive an additional 1.7 trillion soums ($163 million) by optimizing state budget expenditures, and another 1.7 trillion soums - through soft loans from international financial institutions.
Previously the government of Uzbekistan decided to suspend incentive payments to employees of budgetary organizations until January 1, 2021, to replenish the revenue side of the fund.
The fund's expenses increased by 2.3 trillion soums ($221 million) and reached 11.79 trillion soums ($1.13 billion).
Most of the funds in the amount of 1.23 trillion soums ($118 million) will be used to finance measures to combat the coronavirus. Additional 167 billion soums ($16 million) are provided for social support of the population.
About 500 billion soums ($48 million) were allocated from the Anti-Crisis Fund to support the social sphere.
In addition, the Anti-Crisis Fund sent transfers and loans for 210.1 billion soums ($20.2 million) to compensate for losses from the pension fund and local budgets.
Also, 10.9 billion soums ($1.05 million) were allocated to the Khududiy Suv Taminoti Company (Regional water supply system) in the form of a loan. Angren free economic zone also received a budgetary loan.
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