• Deutsch
  • English
  • Русский
  • o'zbek

Considered the draft of state budget for 2015

IA "Jahon" - The Legislative Chamber of Oliy Majlis of Uzbekistan held a session of the Committee on Industry, Construction and Trade, which was attended by members of the lower house of parliament, heads and specialists of ministries and departments, representatives of the media.

The meeting discussed the draft of the State Budget for 2015, as well as the budgets of state trust funds and the main directions of tax and budget policy.

As noted in during the event, fiscal policy next year will be aimed at further reducing the tax burden for businesses and households, simplification of the tax system, strengthening of local revenues and strengthening tax administration measures.

In order to create an additional source to strengthen the material and technical base and stimulating economic entities it was considered a proposal to reduce the basic rate of income tax to 7.5%, as well as the single social tax from 25% to 15% for micro and small enterprises and farms, from 6% to 5% for construction companies, which are micro and small firms.

Expenditures of the State Budget for the improvement of human settlements for 2015, including costs of repairs and maintenance of roads in the countryside, is set at 0.4% of GDP growth this year against more than 1.35 times. Along with the allocations provided for in the approved budget parameters, excessive predicted revenues of local budgets will be allocated to finance the improvement and development of social infrastructure in the field.

The volume of centralized investments at the expense of the State Budget for 2015 is foreseen at the level of 1.0% of GDP.

For co-financing program within construction of individual housing on standard projects in rural areas of 12 million units in 2015, it was proposed providing of the draft state budget appropriation in the amount of 0.6% of GDP, along with the means of individual developers and loans from international financial institutions, refinanced participating commercial banks.

As the results of the meeting, a conformed decision was adopted by the committee on debated questions and issues.