Page 17 - Uzbek Outlook 2022

According to the Ministry of Finance, the growth in state budget revenues will insignificantly affect the total

tax burden.

The tax burden for 2021 was forecast at 23.6%; in 2022 this figure is expected to amount to 23.8%.

Direct taxes will be worth $6.3bn, amounting to 34.3% of total state budget revenues or 8.2% of GDP.

Indirect taxes will amount to $6.79bn (36.6% of total state budget revenues or 8.7% of GDP).

The state budget revenues in 2022 will very much depend on the economic situations of enterprises. The

top 10 enterprises are set to provide around 36.4% of state budget revenues. The contributions would

break down as follows:

● NMMC — 17.82%;

● AMMC — 9.4%;

● Uztransgaz — 1.89%;

● Uzbekneftegaz — 1.7%;

● UzBAT — 1.5%;

● Hududgaztaminot— - 1.26%;

● Uz-Kor Gas Chemical — 0.78%;

● Uzmetkombinat — 0.76%;

● UzAuto Motors — 0.73%;

● Bukhara Oil Refinery — 0.6%

17 Uzbekistan Outlook 2022 www.intellinews.com