Uzbekistan to allocate 114.3 trillion soums to education in 2027
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Uzbekistan plans to allocate nearly 176 trillion soums to education and healthcare in 2027. According to the Presidential press service, President Shavkat Mirziyoyev announced this on November 13 at a meeting on the state budget and priority areas of tax policy.
Education receives the largest share
The budget envisions 114.3 trillion soums to finance education reforms, which is 14 trillion soums more than last year. Healthcare is set to receive 61.4 trillion soums, also 12 trillion soums above last year's level.
In addition, 70 trillion soums are earmarked for improving infrastructure in regions and neighborhoods, raising employment and incomes, developing human capital and strengthening social protection.
Key budget parameters
- State budget revenues are projected at 416 trillion soums and expenditures at 464 trillion soums.
- GDP is expected to reach 232 billion dollars in 2027, with economic growth of 7%.
- Inflation is to be kept at no more than 6%, and the overall fiscal deficit within 3% of GDP.
The meeting also noted that the main tax rates are expected to remain unchanged in 2027. The draft will first be discussed in local Kengashes and then submitted to the Legislative Chamber of the Oliy Majlis.
Source: Presidential press service
