The President of Uzbekistan has approved the state budget for 2025.

Uzbekistan, Tashkent – According to AN Podrobno.uz, on December 24, Shavkat Mirziyoyev signed the law on Uzbekistan's state budget for 2025. The document outlines the key parameters of the budget, forecasts revenue, and sets the maximum expenditures for the national budget, along with targets for the years 2026-2027, as reported by a correspondent from Podrobno.uz.

https://podrobno.uz/cat/politic/prezident-uzbekistana-utverdil-gosudarstvennyy-byudzhet-na-2025-god/2024-12-26 08:14:37

The maximum deficit of the consolidated budget for 2025 is set at 3% of GDP, which is lower than the 4% designated for 2024. The total amount of new external borrowings will reach $5.5 billion, including $3 billion allocated for budget support. The volume of government bonds will be capped at 30 trillion soums (compared to 25 trillion soums in 2024).

Innovations also apply to local budgets: they will receive taxes from turnover, land and property taxes from legal entities, as well as income from leasing state assets. In major cities and regions, such as Tashkent and Karakalpakstan, these taxes will be paid separately.

Furthermore, profits from the privatization of state assets will be distributed between local and regional budgets. However, the share of revenues from alcohol excise tax allocated to regional budgets will decrease to 30%.

The law also introduces mechanisms for expenditure control: if revenue forecasts are not met for six consecutive months, a sequestration (reduction) of the budget's expenditure part may occur. In cases where expenditures are reduced by more than 3%, the decision will be made by the Oliy Majlis; for reductions up to 3%, the Cabinet of Ministers will decide.

Quarterly reports on the results of development programs will be submitted by ministries and agencies to the Ministry of Economy and Finance, which will, in turn, provide information on gender-related expenditures to the Oliy Majlis.