ECONOMY

Jahangir KAKHAROV

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Jahangir Kakharov, Senior lecturer, Department of International Economic Relations and World Economy, Mirzo Ulugbek National University of Uzbekistan (Tashkent, Uzbekistan)

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Government Economic Plans for 2005

The priorities for the year were formulated in a report made by President Islam Karimov at a joint session of the Legislative Chamber and the Senate of the Oliy Majlis in late January 2005. These include:

deepening of market reforms and further liberalization of the economy in order to ensure a decent living standard for the population by limiting government intervention in economic activity, providing effective guarantees for free enterprise, and creating the necessary market infrastructure;

priority development of the private sector, an increase in its share in the economy, and creation of effective mechanisms and instruments for its legal protection, promotion and support;

deepening and expansion of the efforts to develop private business and private farming through the provision of additional guarantees, benefits and preferences in taxation, authorization procedures and establishment of small enterprises performing contracts awarded by large enterprises and of supply and sales agencies providing services to small businesses;

deepening of reforms in the banking and financial systems by measures to promote the capitalization of………………

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