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NEWS

GDP to grow by 8.2% in 2012

4 January 2012

http://www.uzdaily.com of 1/4/2012  - The Government of Uzbekistan expects that the gross domestic product (GDP) of the country will increase by 8.2% in 2012.

According to the presidential resolution "On forecast of main macroeconomic figures and parameters of the state budget of Uzbekistan for 2012", the growth of industrial production will make up 8.6% in 2012.

The government forecast said that the agriculture production in Uzbekistan in 2012 will grow by 5.8% and the capital investments - 9.3%.

The budget deficit is expected at the level of 1% to GDP. The budget deficit will be financed due to free balance of the state budget to the beginning of 2012 and other non-inflation sources in line with the legislation.

As reported earlier, economy of Uzbekistan grew by 8.3% in 2011.