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Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

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Over 3 trillion soums of subsidies planned to support entrepreneurship

21 October 2020

Under the chairmanship of President Shavkat Mirziyoyev, a video conference was held to discuss the parameters of the state budget for 2021.

At the meeting, the head of state stressed that when planning the budget for next year, one should take into account the ongoing pandemic and the decline in economic activity at the global level.

To ensure macroeconomic stability, it is required to achieve economic growth of at least 5.1% in 2021, including 5.8% in industry and 6.5% in services and construction.

An additional reserve for budget revenues can be the reduction of the shadow economy and the legalization of 600 thousand jobs, the integration of databases of 53 departments, and the expansion of the list of products subject to labeling.

It is planned to increase production at large enterprises. For example, it is possible to ensure the receipt of an additional 500 billion soums of excise tax in the budget as a result of fully meeting the needs of the economy and the population in natural gas, as well as streamlining payments in this area. It is expected that the budget will receive an additional 250 billion soums of value added tax due to the uninterrupted supply of electricity to the domestic market.

In the context of a pandemic in 2021, it is planned to increase social spending by at least 15% compared to the current year. In particular, it is planned to increase the level of coverage of children with preschool education to 70%, and the share of the private sector in this area - to 25%. The budgetary allocations to the Ministry of Public Education will be increased by 16%. For the first time, 100 billion soums will be allocated from the budget to connect schools to the Internet, as well as 200 billion soums for equipment.

Next year, within the framework of the Concept for the Development of Science, twice as much funds will be allocated to the Fund for Innovative Development and Support of Innovative Ideas - 100 billion soums.

About 20 trillion soums are expected to be allocated to the healthcare sector, including 3 trillion soums for measures to combat coronavirus and 1.8 trillion for the purchase of medicines.

For the first time, about 90 billion soums will be allocated for oncohematology. 7% of the proceeds from the excise tax on tobacco products will be transferred to the Fund for the Promotion of the Rehabilitation of Persons Suffering from Hematological Cancer and Intractable Diseases. Also, next year, for the first time, 130 billion soums will be allocated to bring the coverage of medical services to patients in need of hemodialysis to 100%.

In order to reduce poverty, the number of low-income families receiving social benefits will be doubled compared to the beginning of 2020. It was emphasized that from 1 January 2021, the system for the distribution of social benefits should be fully automated by launching a unified social register in all regions.

More than 3 trillion soums of subsidies are planned to be allocated within the framework of entrepreneurship support programs. In addition, 250 billion soums are planned to be directed to the Employment Promotion Fund and the same amount to the Public Works Fund.

In the coming year, 30 billion soums will be allocated from the budget to provide housing for orphans.

The Ministry of Finance has been instructed to strengthen the internal audit system in organizations, to prevent illegal expenses and shortages.

The procedure for publishing the structure and performance of expenditures on the official websites of government agencies will be introduced, and managers who do not comply with this requirement will be fined.