» AUCC INTRO
The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum
Get Flash to see this player.
» AUCC events
» Contact us
Uzbekistan approves 2016 state budget
The Legislative Chamber of Uzbekistan’s Oliy Majlis (parliament) has approved the state budget, the budgets of state trust funds, as well as the main vectors of the tax and budget policy for 2016, said the message from Uzbek parliament’s lower house.
The parameters of the state budget and the budgets of trust funds have been worked out by the government taking into account the planned GDP growth of 7.8 percent for 2016, industrial production - 8.2 percent, agricultural production - 6.1 percent, the volume of capital investments - 9.6 percent.
The budget deficit is expected to reach one percent of the forecasted GDP volume, the revenues of the state budget - 18.4 percent of GDP, expenditures - 19.4 percent of GDP.
The tax policy concept for 2016 envisages reducing the tax burden on economy from 20.7 percent in 2015 to 19.1 percent.
It is planned to spend 59.2 percent of the total volume budget expenditures on financing the social sphere, compared to 58.7 percent in 2015. Moreover, the expenditures on education is planned to account for 6.8 percent of GDP, health care system - 2.8 percent.
Furthermore, it is planned to increase the expenditures by 1.16 times on maintenance of cultural institutions and sports events and by 1.36 times - on science sphere.
The expenditures on economy are planned to account for 2.1 percent of GDP, while the centralized investments financed from the state budget will account for 1 percent of GDP.
» Welcome to new member
DAI - Employee-owned DAI is a global development company. Named one of the world’s top 40 international development innovators and the 2017 U.S. Government Contractor of the Year, DAI tackles fundamental social and economic development problems caused by ineffi
New York Time 06:06:22
» Weather in Tashkent
17 ° C
16/33 ° C