To assess the economic situation in the country, the Center for Economic Research and Reforms conducts a monthly assessment of the state of business activity at the regional and district levels. The analysis is carried out on the basis of operational data of the State Customs Committee, the State Tax Committee, the Central Bank and the UzEx.
The monitoring results for November showed that the volume of tax revenues for 11 months of this year increased by 17.2% compared to the same period last year.
Significant growth in tax revenues was recorded in Ferghana (34.2%), Samarkand (34.0%), Bukhara (32.6%), Jizzakh (31.7%), Syrdarya (29.6%) regions, the Republic of Karakalpakstan (31.9%) and Tashkent (42.7%).
The growth of tax revenues to the budget maintains a steady trend.
The analysis of receipts for individual tax groups shows that the increase in tax receipts was most affected by the increase in value added tax (32.6%) and turnover tax (44.4%). Also, income from income tax paid by institutions has increased significantly since the beginning of the year, they increased by 53.8%.
The increase in the number of new business entities by 14.4% compared to the same period in 2021 had the greatest impact on tax revenue receipts.
Since the beginning of the year, over 82 thousand new economic entities have been created, the largest number of which are registered in Samarkand (9,332), Ferghana (7,951), Kashkadarya (7,470), Tashkent (6,325), Khorezm (5,240) regions and in Tashkent (14,408).
Receipts on customs payments for the analyzed period increased by 38.6% compared to the same period in 2021. By region, the largest increase in revenues was recorded in Andijan (60.7%), Jizzakh (55.1%), Syrdarya (46.7%), Ferghana (41.0%) regions, the Republic of Karakalpakstan (41.3%) and Tashkent (42.9%).
In general, one of the main factors that influenced the increase in revenue from customs duties was an increase in the volume of imports in January-November 2022 by 19.7% compared to the same period last year.
According to the State Customs Committee, the volume of exports of goods from the beginning of this year to November 30 increased by 20.4% compared to this period last year. A significant increase in exports of goods was observed in Syrdarya (40.4%), Andijan (38.5%), Navoi (27.1%), Namangan (25.9%), Samarkand (25.6%) regions and Tashkent (40.5%).
The increase in the volume of exports of goods of Uzbekistan is explained by the growing growth rates of exports of food products, industrial goods, chemicals and agri-food products.
A decrease in exports of goods was noted in Surkhandarya (-21.0%), Bukhara (-3.4%), Jizzakh (-2.9%) regions and in the Republic of Karakalpakstan (-12.0%).
The volume of loans issued by commercial banks has increased by 8.7% since the beginning of the year compared to the same period last year.
A significant increase in the issuance of loans was noted in Ferghana (28.9%), Samarkand (23.6%), Tashkent (22.4%), Andijan (10.0%) regions, the Republic of Karakalpakstan (20.7%) and Tashkent (12.7%).
The volume of transactions on the Uzbek Republican Commodity Exchange increased by 37.8%. The growth of exchange activity is observed in Khorezm (56.4%), Jizzakh (49.3%), Samarkand (46.2%), Navoi (43.6%) regions and in Tashkent (46.9%).
The growth in the volume of transactions in these regions is ensured by increasing the sale of such goods as mineral fertilizers, technical seeds, automobile gasoline, diesel fuel, construction and household materials, vegetable oil, wheat flour, wheat, sugar, cotton fiber, rolled ferrous and non-ferrous metals, polyethylene, polypropylene, ethyl alcohol, etc.
Muhammadjon Rashidov, CERR
leave a comment