President abolishes Fund to promote price stabilization in consumer market

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev abolished the Fund to promote price stabilization in domestic consumer market.

This is stipulated by the Presidential resolution “On forecast of the main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2019 and budget guidelines for 2020-2021.”

The document notes that previously allocated resources to the Fund for Promotion of Price Stabilization in Domestic Consumer Market and its balances are to be credited to the republican budget of the Republic of Uzbekistan.

The fund to promote price stabilization in the domestic consumer market was established in July 2017. The fund was provided with funds for US$100 million to smooth out seasonal and other sharp fluctuations in supply and demand for food products.