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09 January 2020

Shavkat Mirziyoyev: Our only path is to boost entrepreneurship, realize the business potential of people

On January 8, President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a videoconference meeting on the priority tasks of fulfilling the parameters of the national budget and promoting entrepreneurship.

“Our only path is to boost entrepreneurship, realize the business potential of people! Every hokim should take the initiative to secure additional revenues to the budget, create conditions for entrepreneurs and work side by side with business representatives,” the head of state insisted.

The President indicated urgent need for the organization of new business entities and assistance to entrepreneurs who have suspended work. To do this, the existing gas, electricity and water supply networks, road infrastructure should be improved and new ones built. Therefore, hokimiyats were instructed to channel extra revenues primarily to perk up local infrastructure.

Another important factor in boosting budget revenues is government assets. Last year, enterprises with public share paid as little as 1.6 trillion soums of dividends to the budget.

In this regard, the responsible officials were entrusted with the task of ensuring the privatization of state property facilities, including mills of oil and fat and alcohol products, as well as determining the size and frequency of dividend payments by large taxpayers.