The draft Law and the Budget Message for 2026, based on the “Uzbekistan – 2030” strategy, define key medium- and long-term objectives aimed at ensuring sustainable economic growth.

Starting from 2026, the budget deficit is calculated taking into account the revenues and expenditures of the consolidated budget, as well as the balances of funds in deposits, budget loans, and credit lines used to finance state programs, and is reflected in the overall fiscal balance.

The ceiling for the consolidated budget deficit is set at 3 percent of gross domestic product.

For 2026, it is предусмотрено to approve key performance indicators for 8 ministries and agencies within the framework of budget programs.

The draft also introduces a new “Deputy Initiative” system starting from 2026, under which 3.3 billion soums are allocated to each deputy.

Based on the analysis carried out, a conclusion was prepared on the draft Law and the Budget Message for 2026.

During the preparation of the conclusion, the compliance of the draft State budget, the budgets of state targeted funds, and the main directions of tax and budget policy with the country’s socio-economic development priorities, sectoral goals and objectives, as well as with the decisions and instructions of the President of the Republic of Uzbekistan was examined.

In total, the Accounts Chamber provided 81 proposals and recommendations, including:

-increasing the forecast of State budget revenues by 1.2 trillion soums and reducing expenditures by the same amount;

-including other non-tax revenues in the composition of revenues (Article 12, Part 5);

-restricting the refund of value added tax amounts that were not actually paid, and introducing a practice whereby VAT refunds are made only upon confirmation of payment;

-designating an authorized state body responsible for accounting of non-tax revenues due to the absence of a control mechanism ensuring their full accrual, collection, and transfer to the State budget.

It should be noted that during the discussions of the budget adoption, a number of proposals submitted by the Accounts Chamber were positively accepted.

In particular, the proposal to reflect 14.8 trillion soums allocated for financing state programs through deposits and loans in the overall fiscal balance, excluding them from expenditures;

As well as the removal of the provision “A deficit of the Fund for Reconstruction and Development of the Republic of Uzbekistan is not allowed” from Article 11 (paragraph 3), were incorporated into the approved draft Law.