LEGISLATIVE CHAMBER OF OLIY MAJLIS OF REPUBLIC OF UZBEKISTAN

Deputies consider State budget execution

The Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan held a regular session on June 1. In the framework of parliamentary control, the deputies considered the report on the execution of the State budget and the budgets of state trust funds in 2016 and first quarter of 2017, which was presented by the Minister of Finance of the Republic of Uzbekistan.

According to the report of the International Monetary Fund "World Economic Outlook", the world economy in 2016 grew on average by 3.1%, while the growth of foreign trade comprised 1.9%. This is associated with a 13% decline compared with the figure of 2015.

Against this background, as noted at the meeting, the state budget was executed in accordance with the approved parameters and with a surplus exceeding 132 billion soums (currency rates of CB RU from 02.06.2017, 1$= 3846.33  soums). GDP growth made up 7.8%, volume of industrial production and agriculture - 6.6%. In addition, the real aggregate income per capita grew 11%, the average monthly wage of employees of budget organisations, pensions, social allowances and scholarships - 15%.

During the consideration of the report on the execution of the State budget and budgets of state targeted funds for the first quarter of 2017, the deputies scrutinised the current state of this area. Given the unstable situation on the global markets and increased competition in attracting investment, priority must be given to the implicit implementation of the projects included in the Investment program for 2017.

During the meeting, the deputies identified specific tasks for the upcoming period to improve cooperation with relevant ministries and departments of the normative-legal base, raising the executive discipline of officials of state bodies, cooperation with relevant Kengashes of people's deputies in the implementation of parliamentary control over timely and qualitative execution of the State budget and budgets of state targeted funds in the forthcoming period.

Following the meeting, the Legislative chamber adopted a resolution on approval of the report on the execution of the State budget for 2016 and budgets of state targeted funds in the first quarter of 2017.

(Source: UzReport.uz)

 

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