BUSINESS | 18:09 / 01.11.2023
9755
6 min read

Info about state budget allocation for 2024 provided

In 2024, GDP growth is expected to be 5.6-5.8 percent, and the inflation rate will be around 8-10 percent. The deficit limit is 52.5 trillion soums or 4 percent of GDP. In the following year, compared to 2023, more money will be allocated to the Ministries of Preschool and School Education, Agriculture and Water Management, and less money to the Tax Committee, Ministries of Mining and Geology, Youth Policy and Sports.

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);
12. Ministry of Mining and Geology – 939 billion 85.7 million soums (1.117 trillion);
13. Committee for development of competition and protection of consumer rights – 11 billion 552.3 million soums (10 billion);
14. State asset management agency – 11 billion 360.3 million soums (11 billion);
15. Ministry of Poverty Reduction and Employment – 1 trillion 121 billion 965.5 million soums (478 billion);
16. Statistics Agency under the President – 257 billion 170.6 million soums (197.6 billion);
17. Ministry of Foreign Affairs – 874 billion 564.9 million soums (765.4 billion);
18. Ministry of Investments, Industry and Trade – 1 trillion 68 billion 205.5 million soums (931 billion);
19. Ministry of Digital Technologies – 313 billion 926.7 million soums (183.6 billion);
20. Ministry of Justice – 239 billion 289.8 million soums (214.8 billion);
21. Ministry of Economy and Finance – 91 trillion 928 billion 187 million soums (a lot of social expenses, foreign debt servicing and other expenses are included in the expenditure section of the ministry) (89.6 trillion);
22. Tax Committee under the Cabinet of Ministers – 158 billion 416.7 million soums (1.5 trillion);
23. Cabinet of Ministers – 2 trillion 027 billion 346.8 million soums (1.949 trillion);
24. Presidential administration – 1 trillion 599 billion 699.2 million soums (1.241 trillion);

25. Senate of Oliy Majlis – 108 billion 465.2 million soums (92.8 billion);
26. Legislative Chamber of Oliy Majlis – 1 trillion 958 billion 940.2 million soums (394.5 billion);
27. Human rights representative of Oliy Majlis (Ombudsman) – 17 billion 938.3 million soums (16.4 billion);
28. Prosecutor General’s Office – 2 trillion 112 billion 243.3 million soums (1.494 trillion);
29. Supreme Court – 1 trillion 703 billion 218.8 million soums (1.185 trillion);
30. Constitutional Court – 10 billion 683.4 million soums (8.8 billion);
31. Supreme Council of Judges – 46 billion 768 million soums (35 billion);
32. Central Election Commission – 18 billion 298.9 million soums (23.6 billion);
33. MTRK – 559 billion 913.6 million soums (521.9 billion);
34. UzA – 36 billion 721.3 million soums (33.7 billion);
35. Republican Spirituality and Enlightenment Center – 67 billion 762 million soums (65.7 billion);
36. National Center for Human Rights – 14 billion 726 million soums (13.4 billion);
37. Council of the Federation of Trade Unions – 150 billion soums (150 billion);
38. Academy of Sciences – 429 billion 943.7 million soums (364.8 billion);
39. Art Academy – 140 billion 325.3 million soums;
40. Anti-Corruption Agency – 30 billion 720.9 million soums (23.6 billion);
41. Accounts Chamber – 106 billion 025.9 million soums (69 billion);
42. State Service Development Agency – 635 billion 623.9 million soums (267 billion);
43. Strategic Reforms Agency – 38 billion 757.3 million soums (35.8 billion);
44. Children's Ombudsman – 2 billion 271.9 million soums;
45. “For a healthy generation” non-governmental international charity fund – 733.4 million soums;
46. Republican Center for Social Adaptation of Children – 9 billion 114.5 million soums;
47. National anti-doping agency – 8 billion 131.1 million soums;
48. Committee on religious affairs – 42 billion 163.1 million soums;
49. Agency of cultural heritage – 213 billion 588.3 million soums;
50. National Social Protection Agency under the President – 20 trillion 274 billion 660.8 million soums;
51. Other organizations – 44 trillion 574 billion 256.5 million soums (36 trillion).

Related News