On December 22, the Legislative Chamber of Oliy Majlis adopted the 2023 state budget law. Deputies discussed the project for only 1 week, not 1 month as it is written in the law.
According to the draft law, consolidated budget revenues in 2023 are planned to be 310.6 trillion soums, and expenditures are planned to be 343.2 trillion soums. The deficit limit is 32.5 trillion soums or 3% of GDP.
The limited amount of the state foreign debt to be received in 2023 is $4.5 billion. 2 billion of it will be allocated to support the state budget, 2.5 billion – to investment projects. It is planned to issue 17 trillion soums worth of state securities on behalf of the Republic of Uzbekistan.
In 2023, the GDP is expected to exceed 1 trillion soums (1,068 trillion soums). GDP growth is forecasted to be 5.7% in 2022, 5.3% in 2023, 5.6% in 2024, and 6% in 2025.
According to the document, for the first time in many years, inflation in 2023 is expected to fall below the double-digit rate and reach 9.5%.
Forecast of key macroeconomic indicators for 2023, 2024 and 2025. The government promises that inflation will be halved to 5-6% by 2024.
The number of first-level budget distributors (ministries and agencies) is 64 (58 in 2022). In 2023 they will:
• have the authority to redistribute their current expenses and redistribute funds from one state program to another;
• have to report to the Legislative Chamber on the state of use of funds allocated from the republican budget.
Funds allocated from the republican budget to first-level budget allocators in 2023 (the amount allocated from the republican budget in 2022 is indicated in brackets):
1. Ministry of Finance* – 73.4 trillion (73.5 trillion)*
2. Ministry of Public Education – 26.7 trillion (25.8 trillion)
3. Ministry of Economic Development and Poverty Reduction** – 16.2 trillion (769.2 billion)
4. Ministry of preschool education – 8 trillion (6.5 trillion)
5. Ministry of Higher and Secondary Specialized Education – 6 trillion (4.1 trillion)
6. Ministry of Transport – 5.2 trillion*** (5.9 trillion)
7. Ministry of Health – 3.6 trillion (3 trillion)
8. Ministry of Water Economy – 3.4 trillion (3.4 trillion)
9. Cabinet of Ministers – 1.9 trillion (1.6 trillion)
10. State Tax Committee – 1.5 trillion (1.5 trillion)
11. Prosecutor General’s Office – 1.5 trillion (1.4 trillion)
12. Ministry of Housing and Communal Services – 1.3 trillion (1.3 trillion)
13. Presidential Administration (together with Academy of Public Administration, Institute of Strategic and Interregional Studies, Agency for Information and Mass Communications and General Directorate of Medicine) – 1.2 trillion (795.1 billion)
14. Ministry of Sports Development – 1.2 trillion (reorganized)
15. Supreme Court – 1.2 trillion (1 trillion)
16. State Committee for Geology and Mineral Resources – 1.1 trillion (1.1 trillion)
17. Ministry of Innovative Development – 1 trillion (843.3 billion)
18. Ministry of Investments and Foreign Trade – 931 billion (415.8 billion)
19. Ministry of Foreign Affairs – 765.4 billion (577.1 billion)
20. Ministry of Culture – 746 billion (728 billion)
21. State Committee for Veterinary and Livestock Development – 665.6 billion (246.8 billion)
22. Ministry of Agriculture – 657 billion (615.8 billion)
23. Presidential Educational Institutions Agency – 665.2 billion (430.5 billion)
24. MTRK – 521.9 billion (561.4 billion)
25. Ministry of Employment and Labor Relations – 478 billion (1.3 trillion)
26. Legislative Chamber – 394.5 billion (237.9 billion)
27. Youth Affairs Agency – m375 billion (212.8 billion)
28. Academy of Sciences – 364.8 billion (328.2 billion)
29. Ministry of Tourism and Cultural Heritage – 340 billion (reorganized)
30. State Committee for Ecology and Environmental Protection – 278.4 billion (38.4 billion)
31. Agency for the development of medical and social services – 276.3 billion (90 billion)
32. State Service Development Agency – 267 billion (230 billion)
33. Ministry of Construction – 232 billion (358.9 billion) 34. Ministry of Justice – 214.8 billion (164.9 billion)
35. State Forestry Committee – 204.6 billion (136.8 billion)
36. State Statistics Committee – 197.6 billion (264.6 billion)
37. Ministry of Information Technologies and Communications Development – 183.6 billion (160 billion)
38. Committee for the development of silk and wool industry – 176.8 billion (186.6 billion)
39. Uzhydromet – 166 billion (180.7 billion)
40. Federation of Trade Unions – 150 billion (not received last year)
41. Cinematography agency – 125.8 billion (233 billion)
42. Plant Quarantine and Protection Agency – 102.3 billion (87.4 billion)
43. Senate – 92.8 billion (148.2 billion)
44. Family and women’s committee – 92.8 billion
45. Ministry of mahalla and elderly support – 87.6 billion (57.4 billion)
46. Ministry of Energy – 70.5 billion (55 billion)
47. Accounts Chamber – 69 billion (60.4 billion)
48. Spirituality and Enlightenment Center – 65.7 billion (62.3 billion)
49. Strategic Reforms Agency – 35.8 billion (7.5 billion soums)
50. Supreme Council of Judges – 35 billion (33.1 billion)
51. National Information Agency (UzA) – 33.7 billion (20.6 billion)
52. Anticorruption Agency – 23.6 billion (20 billion)
53. Central Election Commission – 16.5 billion (11 billion)
54. Ombudsman – 16.4 billion (8.3 billion)
55. State Committee for Industrial Safety – 14.1 billion (14.3 billion)
56. Uzarkhiv – 13.6 billion (10.4 billion)
57. National Center for Human Rights – 13.4 billion (11.4 billion)
58. State asset management agency – 11 billion (10.7 billion)
59. Anti-Monopoly Committee – 10 billion (8.9 billion)
60. Constitutional Court – 8.8 billion (12.2 billion)
61. Other organizations - 36 trillion (29 trillion)
* The expenses of the Ministry of Finance include transfers to local budgets (24 trillion), transfers to the Pension Fund (15 trillion), social expenses for the Pension Fund (5.6 trillion soums), transfers to the Education Loan Financing Fund (1.7 trillion), the cost of public debt interest payments (6.7 trillion) and other payments.
*** The expenses of the Ministry of Economy include expenses related to compensation of losses and financing of current activities of the company specializing in wholesale purchase and sale of natural gas in the domestic market (UzGasTrade) (14.2 trillion soums) and others.
*** 4.7 trillion soums were transferred to the Highways Fund from the expenses of the Ministry of Transport.
