Article 90. Procedure for developing a fiscal strategy for the medium term

The fiscal strategy for the medium term (hereinafter referred to as the Fiscal Strategy) includes:

forecasts of macroeconomic indicators for the medium term;

the main directions of tax and budget policy for the medium term;

forecasts of revenues and expenditures of the Consolidated Budget of the Republic of Uzbekistan for the medium term, calculated on the basis of fiscal policy;

forecast of budget revenues for the next financial year and targets calculated on this basis for the next two years;

the forecast of budget expenditures for the next financial year and the targets calculated on the basis of this for the next two years;

forecasts of the primary surplus or primary deficit of the State budget;

analysis of fiscal risks.

To develop a Fiscal Strategy, the Ministry of Finance of the Republic of Uzbekistan is provided with:

The Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan — annually, until April 15, a preliminary assessment of macroeconomic indicators for the medium term in at least two scenarios;

managers of budget funds of the first level — annually, before May 1, preliminary proposals on the necessary funds, taking into account the list of funds being implemented in the medium term, as well as with the deadline for completing the activities, on capital investments for the design, construction (reconstruction) and equipment of facilities based on decisions made by the President of the Republic Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan, as well as state programs;

managing bodies of state trust funds — annually, until May 1, forecasts of revenues and preliminary amounts of expenditures of state trust funds for the next medium-term period, as well as proposals for preliminary amounts of inter-budgetary transfers allocated from the republican budget of the Republic of Uzbekistan to provide the necessary funds for the implementation of activities implemented in the next medium-term period, as well as with the expiration date of events, based on decisions taken by the President of the Republic Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan, as well as state programs;

by the Council of Ministers of the Republic of Karakalpakstan, the khokims of the regions and the city of Tashkent — annually until May 1, revenue forecasts, preliminary amounts of expenses (current expenses and capital investments for design, construction (reconstruction) and equipping facilities), as well as preliminary amounts of inter-budgetary transfers allocated from the republican budget of the Republic of Uzbekistan;