Article 154. Credits (loans) attracted by the Republic of Uzbekistan

Budget code of the Republic of Uzbekistan · Date: 26.12.2013 · In force

Credits (loans) attracted by the Republic of Uzbekistan from foreign banks, states, and international financial and economic institutions, foreign government financial institutions are classified as public external borrowings.

Credits (loans), attracted by the Republic of Uzbekistan in the prescribed manner, are directed to:

financing or co-financing of projects implemented through government borrowing;

re-crediting of credits (loans) to finance activities for the implementation of projects implemented at the expense of government borrowing.

When re-crediting credits (loans) attracted on behalf of the Republic of Uzbekistan, a margin of the Republic of Uzbekistan may be established, with its use to cover possible risks in servicing the credit (loan). In case of full repayment of the debt on the credit (loan), the unused amount of the margin of the Republic of Uzbekistan on the credit (loan) is credited to the income of the republican budget of the Republic of Uzbekistan.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5535058

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Cite as: Article 154. Credits (loans) attracted by the Republic of Uzbekistan Budget code of the Republic of Uzbekistan. neolex.uz/en/laws/law-2304140/154 (lex.uz/docs/5535058)