Info about state budget allocation for 2024 provided

The draft law “On the State Budget of the Republic of Uzbekistan for 2024” was submitted for public discussion. According to the draft law, budget revenues are set at 270.3 trillion soums, and expenditures (not including inter-budgetary transfers) at 279.6 trillion soums. The deficit limit is 52.5 trillion soums or 4 percent of GDP.

The limited amount of the state’s foreign debt to be received in 2023 is $5 billion. Of this, $2.5 billion will be allocated to support the state budget, and $2.5 billion to investment projects. It is planned to issue 25 trillion soums worth of state securities on behalf of the Republic of Uzbekistan.

In 2024, the gross domestic product is expected to exceed 1 quadrillion 301 trillion soums (1,301,759 trillion soums). GDP growth is predicted to be 5.6-5.8 percent in 2024, 6.2 percent in 2025, and 6.4 percent in 2026.

According to the document, in 2024, the inflation rate is expected to be around 8-10 percent.

Funds allocated from the republican budget to first-level budget allocators in 2024 (the amount allocated from the republican budget in 2023 is indicated in parentheses):

1. Ministry of preschool and school education – 46 trillion 647 billion 414.5 million soums (26.7 trillion);
2. Ministry of Higher Education, Science and Innovation – 6 trillion 130 billion 330 million soums (6 trillion);
3. Ministry of Health – 4 trillion 587 billion 244.7 million soums (3.66 trillion);
4. Ministry of Culture – 1 trillion 100 billion 445.3 million soums (746 billion);
5. Ministry of Youth Policy and Sports – 1 trillion 768 billion 859.2 million soums (1.219 trillion);
6. Ministry of Construction and Housing and Communal Economy – 1 trillion 795 billion 563.6 million soums (1.273 trillion);
7. Ministry of Agriculture – 1 trillion 711 billion 199.8 million soums (657 billion);
8. Ministry of Water Management – 10 trillion 440 billion 149 million soums (3.382 trillion);
9. Ministry of Energy – 242 billion 614.2 million soums (70.5 billion);
10. Ministry of Transport – 6 trillion 185 billion 909.4 million soums (5.195 trillion);
11. Ministry of Ecology, Environmental Protection and Climate Change – 816 billion 763 million soums (278.4 billion);