Info about allocation of capital’s budget in 2024 provided

15:31 / 04.01.20247,4215 min

Tashkent’s 2024 budget is expected to be 8.8 trillion soums. The main source of income – income tax from individuals – 1.5 trillion soums. Almost half of the total costs go to two directions: to the health department – 2.1 trillion, to heat supply subsidies – 1.97 trillion. The administration did not allocate funds to “Open budget” this year.

Photo: Kun.uz

Info about allocation of capital’s budget in 2024 provided — Photo: Kun.uz

The Tashkent city council of people’s deputies approved the 2024 budget of the capital by its decision of December 28, 2023.

The council meeting was not broadcast live.

Before the adoption of the budget, its draft was not even published for public discussion.

Officials predict that the gross regional product of Tashkent will grow by 7.1% in 2024, 7.3% in 2025, and 7.5% in 2026.

Income

Excluding districts, the income of the capital’s budget is forecasted in the amount of 8 trillion 77 billion soums. This indicator is 82% more than in 2022 (4.4 trillion soums), and 25.9% more than in 2023 (6.4 trillion soums).

Income tax from individuals is the largest part of the revenues of the budget of the city of Tashkent - 1.53 trillion soums.

The next largest sources of income are property tax of legal entities (1.25 trillion soums) and profit tax from legal entities (796 billion soums).

Also, land tax from legal entities – 713 billion soums, turnover tax - 712 billion soums, state duty – 606 billion soums, income from net profit of state organizations – 394 billion soums, excise tax on mobile communication services – 201 billion soums and tobacco products the excise tax to be collected is 90 billion soums.

In addition, transfers allocated from the republic budget to the local budget of Tashkent city are expected to be 514 billion soums.

Compared to the previous year, revenues from excise tax on mobile communication services are projected to increase by almost 2.5 times, revenues from net profits of state organizations by 2.4 times, and revenues from personal income tax by 2 times.

In turn, revenues from privatization are expected to decrease by more than 3 times, excise tax on tobacco products by more than 2 times, and turnover tax by 10%.

Yunusabad district has the largest revenue and expenditure forecast in terms of districts – 174.5 billion soums. The least is in Bektemir district – 67 billion soums.