The Tashkent city council of deputies by its Dec.28, 2023 resolution approved the Tashkent city's 2024 budget. The council meeting was not broadcast live. Prior to the adoption of the budget, its draft was not published for public input.

Officials predict that Tashkent's gross product will grow by 7.1% in 2024, 7.3% in 2025 and 7.5% in 2026. 

Revenues 

Without districts, the capital’s revenues are projected to top 8 trillion 77 billion soums, or around 700 million USD . This figure is by 82% more than in 2022 (4.4 trillion soums), and 25.9% more than in 2023 (6.4 trillion soums). 

Personal income tax makes up the largest portion of the budget revenues - 1.53 trillion soums. 

The next largest source of revenue are the property tax of legal entities (1.25 trillion soums) and the income tax of legal entities (796 billion soums). 

Also, land tax from legal entities - 713 billion soums, turnover tax - 712 billion soums, state duty - 606 billion soums, income from the net profit of state organizations - 394 billion soums, excise tax on mobile communication services - 201 billion soums and excise tax on tobacco products to be collected will amount to 90 billion soums. 

While, transfers from the republican budget to the local budget of the city of Tashkent are planned at 514 billion soums. 

Compared to the previous year, revenues from the excise tax on mobile communication services are projected to stand at almost 2.5 times more, revenues from the net profit of government organizations - 2.4 times, personal income tax revenues - 2 times. 

In turn, revenues from privatization are expected to be more than 3 times higher, the excise tax on tobacco products - more than 2 times, and the turnover tax - 10%. 

Yunusabad district has the largest forecast of revenue and expenses by district - 174.5 billion soums, while the smallest is in Bektemir district - 67 billion soums. 

Expenditures 

Total expenditures of the Tashkent city budget in 2024 are projected at 8 trillion 77 billion soums. 

A significant part of the total expenditures will be contributed to compensate for losses resulting from the application of reduced tariffs for heat supply services - 1.97 trillion soums. This is 22.8% more than the forecast for 2023 (1.6 trillion soums) and 2.7 times more than the forecast for 2022 (732 billion soums). 

This year, 1 trillion soums will be contributed to subsidize public transport services, and 576 billion soums will be allocated to compensate for losses caused by the lower subway prices (in 2023 - 142 billion soums). 

In 2024, 480.4 billion soums will be allocated from the capital’s budget to repay loans and debts. This is 27.2% more than last year. In particular, payments on external debt - 232 billion soums, funds to repay a loan from the Fund for Reconstruction and Development - 235 billion soums, funds to compensate for external loans - 13 billion soums. 

In turn, it is expected that 2.1 trillion soums will be allocated to the capital’s Health Department, 486 billion soums to the Department of Preschool and School Education, and 475 billion soums to the Department of Public Improvement. Also, 143 billion soums will be spent on repairs and renovation of elevators in multi-storey buildings. 

This year, no funds have been allocated from the capital’s budget for Open Budget projects. In 2023, it was planned to spend 286 billion soums for these purposes.