Uzbekistan budget deficit in 2014 is adjusted to 0.2% of GDP

As reported RIA news; Based on specified parameters, the expected revenues of the state budget for 2014 will increase to 31.405 trillion soms compared to previously approved 30.2 trillion soms.

Uzbekistan budget deficit in 2014, adjusted to 270.7 billion soums (112.3 million dollars at the exchange rate of the Central Bank of Uzbekistan), or 0.2% of GDP against 1.3 trillion soums (about $ 540 million), or 1% of GDP, approved at the end of 2013, follows from the decision of Uzbek President Islam Karimov, released on Monday.

Decree of the Head of State approved the adjusted parameters of implementation of the budget for 2014 due to changes in macroeconomic indicators for the current year. The document does not specify the adjusted forecasts macroindicators.

In accordance with the specified parameters, the expected revenues of the state budget for 2014 will increase to 31.405 trillion soms (13.03 billion, $ 1 – 2409.67 soms) against previously approved 30.2 trillion soms ($ 12.5 billion), expenses – up to 31.676 trillion soms (13.14 billion dollars) against 31.5 trillion soms (13.1 billion dollars).

Earlier it was reported that the parameters of the state budget of Uzbekistan for 2014 have been developed taking into account the planned growth of GDP by 8.1%, industrial production – 8.3%, agriculture – by 6%, the volume of capital investments – by 9.5%.

Details

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About Ahmed Islamov

I was born and raised in Uzbekistan and lived in that country for about two thirds of my life. I left the country about 14 years ago but sustained tight bonds with my family and friends living there. I know and communicate personally with hundreds of people including blue-, white- or pink-collar workers. I am naturally very attached to and concerned with everything that is going on there.
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