Uzbekistan’s budget surplus at 1.9% of GDP in 1H

Uzbekistan had a budget surplus of 201.5 billion soums, or 1.9% of GDP, in the first half of 2007, representative of Uzbek Finance Ministry told at the session of Legislative Chamber’s Budget and Economic Reform Committee said.

Budget revenue was 2.739 trillion soums, or 54% of the annual target, in the first half of 2007. Spending was 2.538 trillion soums, or 47.8% of the target.

The Uzbek parliament approved the 2007 federal budget in November 2006 with a deficit of 233.3 billion soums, or 1% of the planned GDP, compared to 1.5% in 2006. Revenue was approved at 5.071 trillion soums, or 21.8% of planned GDP and spending at 5.304 trillion soums, or 22.8% of GDP.