Improvement of the state of settlements in the economy is factor of stability

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April 18, 2018

Improvement of the state of settlements in the economy is factor of stability

At the meeting, which was chaired by the President of the Republic of Uzbekistan Shavkat Mirziyoyev on April 17, it was noted that a significant part of the total accounts receivable falls on the fuel and energy complex. Accounts receivable in this sphere since the beginning of the year increased by 16 percent. The growth amounted to 13.7 percent in mechanical engineering complex and cotton processing, 20 percent – in the complex on the issues of construction and transport.

Accounts receivable in the system of “Uzbekneftgaz” and “Uztransgaz” JSCs reached 460 billion sums. Arrears arose in the amount of 341 billion sums in “Uzbekenergo” JSC. Accounts receivable remains high also in “Uzavtosanoat”, “Uzbekiston temir yullari”, “Uzkimyosanoat” JSCs.

– A newly appointed head of an organization usually begins work by putting the settlement system in order. And we, on the contrary, take up the technical and economic aspect. It’s time to change the system, in order to reduce the debts in the economy, – said Shavkat Mirziyoyev.

The Head of the state also drew attention to the need for reducing the arrears of farms on taxes. The current mechanism for making payments for services of machine and tractor parks leads to an increase in the debt of farms to “Uzagroservice” JSC.

Due to the lack of effective interaction between tax and cadastre agencies, information on 3 247 farms owning 212 thousand hectares of land is absent in the tax authorities’ database, and 405 thousand 508 residential and non-residential facilities registered in the cadastre agencies were not taken into account by the tax authorities as a taxable object. As a result, the budget lost a single land tax payment for 1.8 billion sums.