Tashkent's budget approved – Key indicators

Once again, the draft budget was not made available for public discussion before its approval.

Officials predict that Tashkent City's gross regional product (GRP) will grow by 8% in 2025, 7.5% in 2026, and 7.2% in 2027. For 2025, the GRP is expected to reach 302.3 trillion UZS.

Revenue

Excluding districts, the revenue of Tashkent City's budget is projected to total 9.434 trillion UZS. This figure represents a 47% increase compared to 2023 (6.4 trillion UZS) and a 14% increase compared to 2024 (8.07 trillion UZS). When regulatory transfers and district budgets are included, total revenue is expected to reach 11.4 trillion UZS.

Personal income tax accounts for the largest share of Tashkent City's budget revenue at 1.8 trillion UZS (an increase of 18.2% compared to the previous year).

Other major revenue sources include property tax from legal entities (1.59 trillion UZS, an increase of 27.6%) and profit tax (1.07 trillion UZS, an increase of 34.4%).

Additionally, revenue from land tax on legal entities is projected at 977 billion UZS (an increase of 37%), turnover tax at 913 billion UZS (an increase of 28%), excise tax at 730 billion UZS (an increase of 42%), state duties at 682 billion UZS (an increase of 12.5%), and various fees at 460 billion UZS (a decrease of 6%). Dividends from state shares and contributions from the profits of state enterprises are expected to total 341 billion UZS.

Furthermore, fines are projected to bring in 821 billion UZS in 2025, which is 33% higher than the forecasts for the previous year.

Expenditures

The total planned expenditures of Tashkent City's budget for 2025 are set at 9.697 trillion UZS.

A significant portion of the expenditures will go toward compensating losses incurred due to reduced tariffs for heating supply services, amounting to 2.71 trillion UZS. This is a 37.5% increase from the forecast for 2024 (1.97 trillion UZS) and nearly a 70% increase from the 2023 forecasts (1.6 trillion UZS).

In 2025, subsidies for public transport services under gross contracts are set at 1.2 trillion UZS, while compensations for losses incurred from providing services at reduced tariffs in the metro are expected to reach 683 billion UZS (compared to 576 billion UZS in 2024).

The budget allocates 911.9 billion UZS for debt and loan repayments in 2025, nearly double the amount for 2024 (480.4 billion UZS).

Additionally, the Medical Insurance Fund will receive 2.25 trillion UZS, the Landscaping Department – 635 billion UZS, the Healthcare Department – 215 billion UZS, and the Tax Department – 184 billion UZS. A further 165 billion UZS will be spent on repairing and upgrading elevators in multi-story buildings.

At the district level, the highest revenue and expenditure forecasts are for Mirzo Ulugbek district at 166 billion UZS, while the lowest are for Bektemir district at 76 billion UZS.