The Tashkent city deputies council backed the Tashkent city’s 2025 budget during its session on December 26. The 2025 budget revenues are projected at 9.4 trillion soums, with main source being personal income tax on 1.8 trillion soums. Nearly two-thirds of total expenditures: 2.71 trillion soums will be contributed to heating system subsidies, 2.25 trillion soums for medical insurance, and 1.2 trillion soums for public transport subsidies.
Revenues
With exception of districts, the Tashkent city's budget revenues are projected at 9.434 trillion soums, a 47% increase compared to 2023 (6.4 trillion soums) and a 14% increase to 2024 (8.07 trillion soums). When regulatory transfers and district budgets are included, total revenue is expected to reach 11.4 trillion soums.
Personal income tax accounts for the largest share of Tashkent city's budget revenue at 1.8 trillion soums (an increase of 18.2% compared to the previous year).
Other major revenue sources include property tax from legal entities (1.59 trillion soums, an increase of 27.6%) and profit tax (1.07 trillion soums, an increase of 34.4%).
Additionally, revenue from land tax on legal entities is projected at 977 billion soums (an increase of 37%), turnover tax at 913 billion soums (an increase of 28%), excise tax at 730 billion soums (an increase of 42%), state duties at 682 billion soums (an increase of 12.5%), and various fees at 460 billion soums (a decrease of 6%). Dividends from government stakes and contributions from the profits of state enterprises are expected to total 341 billion soums.
While, fines are projected to bring in 821 billion soums in 2025, which is 33% higher than the forecasts for the previous year.
Expenses
The total planned expenditures of Tashkent city's budget for 2025 are set at 9.697 trillion soums.
A large chunk of the expenditures will head toward compensating losses incurred due to reduced tariffs for heating supply services, amounting to 2.71 trillion soums. This is a 37.5% increase from the forecast for 2024 (1.97 trillion soums) and nearly a 70% increase from the 2023 forecasts (1.6 trillion soums).
In 2025, subsidies for public transport services under gross contracts are set at 1.2 trillion soums, while compensations for losses incurred from providing services at reduced tariffs in the metro are expected to reach 683 billion soums (compared to 576 billion soums in 2024).
The budget allocates 911.9 billion soums for debt and loan repayments in 2025, nearly double the amount for 2024 (480.4 billion soums).
Additionally, the Medical Insurance Fund will receive 2.25 trillion soums, the Landscaping Department – 635 billion soums, the Healthcare Department – 215 billion soums, and the Tax Department – 184 billion soums. A further 165 billion soums will be spent on repairing and upgrading elevators in multi-story buildings.
At the district level, the highest revenue and expenditure forecasts are for Mirzo Ulugbek district at 166 billion soums, while the lowest are for Bektemir district at 76 billion soums.
