Faction of Milliy Tiklanish approves allocation of 22bn soums to cultural objects
05/11/2015 18:55
Faction of Milliy Tiklanish approves allocation of 22bn soums to cultural objects
05/11/2015 18:55
Tashkent, Uzbekistan (UzDaily.com) -- Faction of Democratic Party of Uzbekistan “Milliy Tiklanish” at the Legislative Chamber of Oliy Majlis of Uzbekistan held a session to discuss a budget message for 2016, which includes draft state budget, budget of targeted funds, as well as main directions of tax and budget policy.
The session noted that it is expected that GDP of Uzbekistan will grow by 7.8%, industrial production – 8.2%, agriculture output – 6.1%, capital investments – 9.6%.
It was noted that the single tax payment for microfirms and small enterprises, working in service sector, will decrease from 6% to 5%. This will help them too save 58.4 billion soums and use the resources to further development of the company and stimulation of employees.
Indexation of resource payments in 2016 is directed at efficient use of natural resources. It was underlined that 59.2% of all expenses will be directed to social sector. About 60% of expenses to social sector will be used in education, science, culture and sports. Expenses for 6.8% of the GDP will be used to development of education.
The facton underlined that some 22 billion soums of budget resources will be directed to preserving cultural heritage objects, their reconstruction and conservation.
After the discussion, the faction adopted the corresponding decision on considered issues.
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