A regular meeting of UzLiDeP deputy group in the Termez city council of people's deputies was held. At the meeting, the report of deputy head of Surkhandarya regional department of finance J. Normuminov was heard.

J. Normuminov in his report said that the income tax levied from legal entities to support large enterprises reduced by 7.5 percent, the tax on the improvement and development of social infrastructure reduced by 8 per cent. The excise tax on vegetable oil is reduced by 50 percent, but at the same time, in order to increase the incomes of farmers, the price of cotton fiber and seeds is increased.

–The local budget expenditures for 2018 amount to 1 trillion. 879.9 billion soums, of which about 79.2 billion soums were allocated for economic expenses,-said J. Normuminov. – This has increased by 32 per cent in comparison with the previous year. 52.9 billion soums allocated from local budget for improvement of districts, cities of region and living standards of population.

As it was noted at the meeting, for the last period of the current year the income tax has been reduced, the amount of deductions to the personal savings account has been increased from 1 to 2 percent, the mandatory deduction to the development fund of the material and technical base of educational and medical institutions has been reduced from 3.5 to 3.2 percent.

 Mukhammadali MAMADALIEV,

head of department

of Surkhandarya regional council of UzLiDeP

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