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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of March 18, 2017 No. PP-2847

About measures for further enhancement of activities of financial bodies

For the purpose of radical enhancement of activities of financial bodies of the republic, review of tasks, functions, forms and methods of work of the Ministry of Finance of the Republic of Uzbekistan aimed at providing strict observance of the tax and budget policy, the sustainable, balanced and dynamic development of industries of real production sector and the social sphere, strengthening of profitable base of local budgets and target, effective use of budgetary funds:

1. Determine priority tasks and activities of the Ministry of Finance of the Republic of Uzbekistan and its divisions:

implementation of the single state tax and budget policy directed to increase in role of financial bodies in ensuring steady high rates of economic growth, financial balance of economy and the social sphere, complete and timely execution of social obligations of the state, financing of large investment projects and strengthenings of defense capability of the country;

consecutive enhancement of the taxation system by decrease in the tax burden of economy and the population, strengthenings of the stimulating role of taxes and other obligatory payments in ensuring production efficiency, rational use of mineral and raw, land and water and other resources and the equipment, increase in efficiency of tax administration, simplification of procedure for calculation and tax payment and other obligatory payments, and also optimizations of their rates for the purpose of ensuring completeness of collecting of taxes and other obligatory payments;

cardinal enhancement of the interbudget relations, every possible expansion of profitable base of the budget of the Republic of Karakalpakstan, local budgets of areas and Tashkent, ensuring their balance and self-sufficiency with conclusion of areas and areas from subventsionnost, implementation together with khokimiyats of the territories of system work on involvement of additional sources of receipts in the Government budget on the basis of complex and intensive development of the Republic of Karakalpakstan, areas and Tashkent, the most complete and effective use of natural and economic potential, upgrade and diversification of economy of the territories;

concentration of financial resources on the most priority directions of development of economy, acceleration of development of the social sphere, especially in the rural zone, financing of target investing programs, reinforcement their real sources of financing according to the established standard rates, reducing on this basis creditor and receivables;

coordination of works on ensuring financial stability of key branches of economy, implementation of effective methods and mechanisms of financial support of agricultural industry, enhancement of pricing and procedure for establishment of rates for separate types of goods and services and to strengthening of payment discipline;

implementation of the state financial control of target and rational use of means of budgets of the budget system, carrying out laborious scheduled maintenance together with the ministries, departments, business entities, public authorities on places on ensuring austerity, cost reduction of production and the address, liquidation of losses, plunders and inappropriate expenses;

forming together with the Central bank of the Republic of Uzbekistan and other bodies of currency exchange control of the basic principles and methods of monetary policy, development of offers on increase in currency resources of the state and their effective use;

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