Page 163 - Theoretical and Practical Interpretation of Investment Attractiveness

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The previous paragraphs stated that the number of new enterprises with the
participation of foreign investment and the creation of new ones is the key to economic
development. As noted, one of the important issues is economic stimulation and the creation
of the necessary conditions for enterprises that attract foreign investment to our country.
The Decree of the President of the Republic of Uzbekistan dated January 7, 2011 No.
PQ-1464 defines the following priority areas for further deepening and expanding reforms,
liberalization and modernization of the economy, and the formation of favorable business
activity in our country. in 2011-2015 the following were determined:
further development of the legislative framework and adoption of new laws;
creating a comprehensively favorable business environment in our country and
regions;
creating favorable conditions for tax and other payments, providing benefits and
preferences for the further development of small businesses and private entrepreneurship;
financial and banking system, strengthening and development of the market for
financial and credit resources;
modernization of the economy and diversification of its composition through
the implementation of an active investment policy ;
further liberalization of foreign economic activity, ensuring wide participation
in it of small businesses and private entrepreneurship .
Currently in our republic there are the following sources of investment financing:
1. Funds of enterprises and individuals.
2. Financing through bank loans.
3. Financing from the state budget and extra-budgetary funds.
4. Foreign investment.
Table 4.2.2
Investments in 2010-2020 ng change in composition, percentage 172
Sources of 20 20 20 2013 2014 2015 201
2016 2018 2019 2020
financing 10 11 12 _ _ _ _ _ _ 7
State budget 5.2 5.5 4.7 5.0 4.2 4.2 4.3 4.8 4.5 9.0 6.5
Foreign
26.4 19.8 19.0 18.1 18.5 18.5 20.7 23.8 24.3 43.6 42.9
investment
Enterprises and
52.5 57.1 56.0 57.9 57.6 56.2 54.4 47.3 42.0 29.3 34.6
government funds
Other sources 15.9 17.6 20.3 19.0 19.7 21.1 20.6 24.1 29.2 18.1 16.0

In recent years, the composition of investments has changed dramatically, in particular,
the importance of investments allocated from the budget and bank loans.
At the moment, if you look at the structural structure of financial sources of investment,
you can observe significant changes in it (Table 4.2.2 ). The table shows that the share of the

172 Goskomstat . January 21, 2021
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