OREANDA-NEWS. November 28, 2011. The Government of Uzbekistan expects that the growth of the gross domestic product (GDP) of the country will make up 8.2% in 2012. This figure has been laid at the State Budget of Uzbekistan for 2012.

According to the fraction of the Liberal-Democratic Party of Uzbekistan at Legislative Chamber, the industrial production in Uzbekistan will increase by 8.6% in line with the forecast of the budget.

The volume of agriculture output will rose by 5.8% and capital investments will grew by 9.3% in the reporting period.

The session of the fraction of Democratic Party of Uzbekistan “Milliy Tiklanish” said that the income part of the State Budget will make up 21.1% to GDP and spending – 22.1%. Income of the budget is expected at the volume of 20,394 trillion soums. The budget deficit will make up 1% to GDP.

The committee on Labour and Social Welfare of Legislative Chamber said that expenses of the State Budget envisage to increase share of expenses to social sector and social welfare of population from 58.5% in 2011 to 58.6% in 2011. To these purposes, the budget will issue 12.536 trillion soums in 2012 against 9.859 trillion soums this year.

Share of expenses to healthcare in expenses of the state budget will make up 2.9% to GDP in 2012 compared to 2.8% in 2011.

The volume of centralized investments, financed from the state budget, will make up 1.3 trillion soums or 1.35% of GDP in 2012 against 965.8 billion soums in 2011 or 1.24% to GDP.

This will allow to continue programmes directed at construction and reconstruction of healthcare objects and social objects in rural areas, as well as improve water supply to population.

As reported earlier, it is expected that Uzbekistan’s economy will grow by 8.4% in 2011. According to the IMF mission, the GDP of Uzbekistan will rise by 8.3% this year.