UZBEKISTAN PASSES BUDGET.
Publication: Monitor Volume: 3 Issue: 3
A parliamentary resolution approving Uzbekistan’s 1997 budget was published on January 3. Revenues and expenditures were set at 37 percent and 40 percent of the country’s GDP, respectively. The parliament also determined sources to finance the projected deficit: 1 percent of GDP is to be obtained in the form of credits from the central bank, while the remaining 2 percent will be covered through the issuance of state bonds. (Interfax, January 3)
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