Tuesday, 23, January, 2018

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

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