BAKU, Azerbaijan, June 28
By Klavdiya Romakayeva - Trend:
Uzbekistan will increase the state budget expenditures by 13.1 trillion soums ($1.2 billion), Trend reports with reference to the information service of the Senate of the Oliy Majlis (parliament of Uzbekistan).
According to the information, 410 billion soums ($38.8 million) will be allocated to improve land, water, and road infrastructure around tourist sites, 350 billion soums ($33 million) - to provide free economic zones and small industrial zones with the necessary infrastructure and 124.2 billion soums ($11.7 million) - to strengthen the material and technical base of institutions for early detection and treatment of endocrine diseases.
In addition, 80 billion soums ($7.6 million) will be transferred to the El-Yurt Umidi Foundation to increase the number of young people sent to study at prestigious foreign universities by five times (from 82 to 350) and 64.4 billion soums ($6 million) in order to increase admission rates to higher educational institutions under a state grant of 25 percent and grants to girls from low-income families by two times and bringing this number to 2,000 from the 2021/2022 academic year.
Also, special attention is paid to providing unemployed youth and women in makhallas (quarters) with lucrative work, helping them in organizing their own business. For this, it is envisaged to increase the authorized capital of authorized banks by 1.3 trillion soums ($123 million) to finance family business projects and allocate additional 1.5 trillion soums ($142 million) to finance family entrepreneurship development programs.
At the same time, 6.4 trillion soums ($605 million) are allocated by law to the expenses of the Fund for Reconstruction and Development, including:
- 5.8 trillion soums ($549 million) to the republican budget for the provision of internal roads and drinking water supply ($303 million) and family entrepreneurship programs ($142 million), as well as the construction of other social facilities ($104 million);
- 100 billion soums ($9.5 million) to increase the authorized capital of Turon Bank in order to finance lemon growing projects within the framework of the family entrepreneurship program;
- 550 billion soums ($52 million) to finance credit lines for projects for the production of finished leather goods, leather goods, as well as products with high added value from fur and wool.
---
Follow the author on Twitter: @romakayeva