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Finance 18/01/2014 President: State Budget executed with 0.3% surplus to GDP
Cabinet of Ministers of Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- The State Budget of Uzbekistan was executed with 0.3% surplus to the gross domestic product (GDP) in 2013, the President of Uzbekistan Islam Karimov said at the session of the Cabinet of Ministers of Uzbekistan on 17 January 2014.

The session summed up results of social-economic development of Uzbekistan for 2013 and approved main priorities of economic programmes for 2014.

Speaking at the session, the Uzbek leader said that the state budget was executed with 0.3% surplus to the GDP in 2013, despite the tax burden to economy fell from 21.5% to 20.5% in 2013.

He recalled that the minimal rate of income tax for individuals was decreased from 9% to 8%.

President Islam Karimov said that about 59.3% of expenses of the State Budget were directed to social sector.

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