Article 131. Close of financial year

All transactions of the current financial year related to the crediting of revenues to budgets of the budget system shall be completed on the last business day of the current financial year.

Revenues credited to State budget and budgets of state trust funds in the next year are considered the revenues of the new year.

Revenues credited to transit accounts of revenues of State budget and budgets of state trust funds before the end of the last business day of the current year and transferred within three business days in the new year to Single treasury account are considered revenues of the past year.

All current year payments from State budget and budgets of state trust funds shall be completed after expiry of the additional period to the financial year.

During additional period, transactions on execution of State budget and budgets of state trust funds for the current financial year are carried out, including:

settlement of inter-budget relations;

repayment of accounts payable of budget organizations and recipients of budget funds;

transfer of amounts saved by budget organizations to development funds of budget organizations (funds for material incentives and development of healthcare organizations);

other authorized payments from State budget and budgets of state trust funds.

Settlement of inter-budget relations stipulates repayment of the entire amount of mutual debt between the higher and lower budgets, as well as the budgets of state trust funds.

The procedure for and terms of specific payments of the past year to be made during additional period are established by Ministry of finance of the Republic of Uzbekistan.