Article 95. Development of drafts of State budget and budgets of state trust funds

Development of draft State budget is carried out by Ministry of finance of the Republic of Uzbekistan based on:

forecast on macroeconomic indicators;

forecast on State budget revenues by sources of their formation;

budget requests of managers of budgetary funds of the first level and the forecast volume of expenses for individual activities at the expense of the republican budget of the Republic of Uzbekistan;

drafts of budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent.

In draft State budget, expenditures are provided based on the forecasted amount of revenues, taking into account the maximum size of State budget deficit with indicated sources of its coverage.

Draft State budget consists of:

forecast on revenues by sources of revenues and expenditures by areas of State budget in accordance with articles 50 and 69 of this Code;

maximum size of State budget deficit and sources of its coverage.

Drafts of budgets of state trust funds, developed by spending units of state trust funds, consist of forecast on revenues by sources of revenue and expenditures by areas.

It is not allowed to develop drafts of budgets of state trust funds with a deficit if the deficit is not covered by the remaining balances of state trust funds at the beginning of the year.