Main Directions in Improving State Budget Policy Yarmatov Sharofiddin Choriyevich


Figure 5. Social spending composition and their share, in percent



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Main Directions in Improving State Budget Policy

Figure 5. Social spending composition and their share, in percent.

In 2020, the state budget expenditures will amount to 131.1 trillion soums, of which 66 trillion soums, or 50.3% of total expenditures will be directed to the social sphere. At the same time, the growth of these expenditures will increase by 24% compared to the previous year. 5.2 trillion soums will be allocated for the financing of preschool education, 20.9 trillion soums for general education, training. 3.9 trillion soums.

14.8 trillion soums will be allocated for healthcare, 2.3 trillion soums for culture and sports, and 1 trillion soums for science. Expenditures on social benefits, financial assistance to low-income families and compensation payments amounted to 6.6 trillion soums, an increase of 27% over the previous year.The low tax burden in the Republic of Uzbekistan compared to other developed countries ensures that a large part of the population's income remains. Through this policy, we will be able to move quickly to the liberal economy that our president is promoting. For comparison, in developed European countries, the tax burden is consistently at least 30%. In our case, the total tax burden is around 20 percent.


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