How much income was the budget of Tashkent in half a year?

In the first 6 months of 2022, the revenues of the local budget of the city of Tashkent and its districts exceeded the forecast by 16 percent and amounted to 3.2 trillion soms. This information is shown in the report of the results of the execution of the local budget revenue part of the Tashkent administration in six months of 2022.

It was reported that 10 trillion soms of revenue were provided for the State Budget revenue forecast for the city of Tashkent in the first half of 2022. The set forecast indicator was fulfilled by 113%.

For the city of Tashkent in the first half of 2022, the forecast indicator of local budget revenues was set at 2.8 trillion soms, but in reality, the income was 3.2 trillion soms or 115%.  As a result, there was 412.5 billion soms of additional income.

Also, 154.1 billion soms were formed in the city budget due to the transfer of 35.6 billion soms received from the sale of land rights as part of the surplus of the local budget.

The main part of the budget revenues, i.e., 569.3 billion soms, was created at the expense of the tax imposed on the property of legal entities.  This is 31.2 percent or 135.4 billion soms more than the forecast.

The biggest increase in tax collections was for personal income tax - 272.4 billion soms. This is 49.3% or 89.98 billion soms more than the previous one.

During six months, 179.7 billion soms (+24.3%) related to fines, and 268.6 billion soms (+10%) of state duties were collected.

The indicators of income tax of individual entrepreneurs (46.9 billion soms) and local taxes and fees (166.1 billion soms) were lower than expected.