The implementation of the State budget and the budgets of state special funds at the end of the first quarter of 2021 and 2022 was critically reviewed
At the 28th plenary session of the Senate of the Oliy Majlis, held on July 8, 2022, the Cabinet of Ministers' execution of the State budget of the Republic of Uzbekistan and the budgets of state special funds for the end of 2021 and the first quarter of 2022 reports were discussed.
As a result of the effective fiscal and monetary policy implemented in our republic, the growth rate of our economy in 2021 was 7.4 percent. In the first quarter of 2022, the growth of the gross domestic product by 5.8% is ensured.
The volume of state budget revenues in 2021 increased by almost 32 trillion soums compared to the previous year. Pictures of positive growth were preserved in the first quarter of this year as well. In the first quarter of 2022, the state budget revenues increased by 8 trillion soums compared to the same period last year.
It was noted that the growth of state budget revenues was influenced by the change of the tax policy in recent years, the expansion of the tax base due to the reforms being carried out in the economic spheres.
Funding of state budget expenses is ensured. In particular, in 2021, 39 trillion 641 billion soums were allocated from the State budget for the maintenance and development of educational institutions, which constituted the main part of social expenses. Also, in 2021, 20% more funds were allocated to the health sector than in 2020.The income of local budgets in 2021 was 119 percent compared to the initial forecast indicators, and in the first quarter of 2022 it was 112 percent. Expenditures of local budgets were executed by 111% compared to the plan and amounted to 65.5 trillion soums.
During the discussions, the members of the Senate paid the main attention to the level of tax collection, reduction of tax arrears and overpayments in the implementation of the state budget revenue forecast set by the tax and customs authorities.
Also, the shortcomings in the implementation of local budgets and targeted use of incomes in excess of the established forecast were pointed out. Relevant resolutions of the Senate were adopted on the considered issues.