President Shavkat Mirziyoyev, by his December 29 decree, has approved the forecasts of main macroeconomic figures and parameters of the state budget for 2018. Earlier, Mirziyoyev rejected the draft budget approved by the Senate and said that he would personally draft it "focusing on people's welfare".
The state budget revenues are projected at 62.229 trillion soums, expenses - 62.17 trillion soums. The state budget surplus is projected at 0.02% of GDP. In 2017, the state budget revenues amounted to 48.476 trillion soums, expenses - 49.09 trillion soums.
Basic parameters of Uzbekistan’s 2018 state budget
REVENUES, in billion soums
(without state's special-purpose funds) 62,229.5
Direct taxes 12,805.4
Corporate income tax 2,510.9
Unified tax payment (UTP) contributions from trade and catering enterprises 1,907.6
UTP contributions, including micro firms and small businesses 2,110.5
Personal income tax 5,198.8
Fixed tax on certain types of entrepreneurial activity 1,077, 6
Indirect taxes 33,404.3
Value added tax 22,019.4
Excise tax 8,343.8
Customs duty 1,415.3
Tax on consumption of gasoline, diesel fuel and gas 1,323.2
Fee for using subscriber number 302.5
Resource and property taxes 9,714.5
Property tax 2,158.9
Land tax 1,266.6
Tax for use of subsoil 6,203.1
Tax for use of water resources 85.9
Excess profit tax 1,367.7
Other income and other non-tax revenue 4,937.6
Incomes of state's special-purpose funds
(Off-budget Pension Fund under the Ministry of Finance, the Republican Road Fund under the Cabinet, Off-budget Fund for Development of the Material and Technical Base of Educational and Medical Institutions under the Ministry of Finance, Irrigated Land Improvement Fund under the Cabinet, State Employment Fund, Fund for Privatization of State Property) 31,451.9
Revenues of the Fund for Reconstruction and Development of Uzbekistan 5,463.5
EXPENSES, billion soums
(without state's special-purpose funds) 62,170
Social expenses 35,034
Expenses for social sphere and social support of the population 34,664
Enlightenment 19,504.3
of which the funds allocated to Fund for Development of Material
and Technical Base of Educational and Medical Institutions 1,077.2
Fund for Support of Higher Educational Institutions of Agriculture 110.6
Health care 9,562
of which the funds allocated to Fund for Development of Material
and Technical Base of Educational and Medical Institutions 803.6
Culture and sport 1,165.4
Science 389.3
of which funds allocated to Fund for development of material
and technical base of educational and medical institutions 26.5
Social benefits, material assistance and compensatory cash payments 3,150.8
Organization of public works 714
Credit line to participating banks for co-financing of Program for
construction of houses 370
Expenses for state support of NGOs and other civil society institutions 15
Expenses for economy 6,957.8
Of which the operating expenses of the water management sector 2,741.8
Cash allocated to the Fund for reclamation of irrigated lands 528.3
target funds for financial support of farms producing agricultural
Products for state needs on low-yielding land 330
Work on the improvement of settlements 1,116.4
Nature protection works 307.1
Housing and communal services 230,3
Development of drinking water supply systems 584.7
Expenses for financing of centralized investments
(financing of projects included in state development programs is carried out
through the Fund for financing state programs of development of
Uzbekistan under the Cabinet) 3,047.6
Upkeep of public authorities, administration, justice and
the prosecutor's office 2,189.8
The contents of the organs of the courts 219.7
Contents of self-governing bodies of citizens 640.5
Reserve fund of the Cabinet, reserve funds of the republican budget of
Karakalpakstan, regional budgets and budget of Tashkent, budgets of
districts and cities 520.2
Other expenses 13,545.4
State budget surplus 59.5
Expenses of state's special-purpose funds 31,451.9
Expenses of the Fund for Reconstruction and Development of Uzbekistan 8,979
Basic parameters of Uzbekistan’s 2018 state budget
REVENUES, in billion soums
(without state's special-purpose funds) 62,229.5
Direct taxes 12,805.4
Corporate income tax 2,510.9
Unified tax payment (UTP) contributions from trade and catering enterprises 1,907.6
UTP contributions, including micro firms and small businesses 2,110.5
Personal income tax 5,198.8
Fixed tax on certain types of entrepreneurial activity 1,077, 6
Indirect taxes 33,404.3
Value added tax 22,019.4
Excise tax 8,343.8
Customs duty 1,415.3
Tax on consumption of gasoline, diesel fuel and gas 1,323.2
Fee for using subscriber number 302.5
Resource and property taxes 9,714.5
Property tax 2,158.9
Land tax 1,266.6
Tax for use of subsoil 6,203.1
Tax for use of water resources 85.9
Excess profit tax 1,367.7
Other income and other non-tax revenue 4,937.6
Incomes of state's special-purpose funds
(Off-budget Pension Fund under the Ministry of Finance, the Republican Road Fund under the Cabinet, Off-budget Fund for Development of the Material and Technical Base of Educational and Medical Institutions under the Ministry of Finance, Irrigated Land Improvement Fund under the Cabinet, State Employment Fund, Fund for Privatization of State Property) 31,451.9
Revenues of the Fund for Reconstruction and Development of Uzbekistan 5,463.5
EXPENSES, billion soums
(without state's special-purpose funds) 62,170
Social expenses 35,034
Expenses for social sphere and social support of the population 34,664
Enlightenment 19,504.3
of which the funds allocated to Fund for Development of Material
and Technical Base of Educational and Medical Institutions 1,077.2
Fund for Support of Higher Educational Institutions of Agriculture 110.6
Health care 9,562
of which the funds allocated to Fund for Development of Material
and Technical Base of Educational and Medical Institutions 803.6
Culture and sport 1,165.4
Science 389.3
of which funds allocated to Fund for development of material
and technical base of educational and medical institutions 26.5
Social benefits, material assistance and compensatory cash payments 3,150.8
Organization of public works 714
Credit line to participating banks for co-financing of Program for
construction of houses 370
Expenses for state support of NGOs and other civil society institutions 15
Expenses for economy 6,957.8
Of which the operating expenses of the water management sector 2,741.8
Cash allocated to the Fund for reclamation of irrigated lands 528.3
target funds for financial support of farms producing agricultural
Products for state needs on low-yielding land 330
Work on the improvement of settlements 1,116.4
Nature protection works 307.1
Housing and communal services 230,3
Development of drinking water supply systems 584.7
Expenses for financing of centralized investments
(financing of projects included in state development programs is carried out
through the Fund for financing state programs of development of
Uzbekistan under the Cabinet) 3,047.6
Upkeep of public authorities, administration, justice and
the prosecutor's office 2,189.8
The contents of the organs of the courts 219.7
Contents of self-governing bodies of citizens 640.5
Reserve fund of the Cabinet, reserve funds of the republican budget of
Karakalpakstan, regional budgets and budget of Tashkent, budgets of
districts and cities 520.2
Other expenses 13,545.4
State budget surplus 59.5
Expenses of state's special-purpose funds 31,451.9
Expenses of the Fund for Reconstruction and Development of Uzbekistan 8,979
