Presidential Decree No. UP-5969 On immediate measures to mitigate the negative impact of the coronavirus pandemic and global economic crisis.
Country
Type of law
Regulation
Abstract
The President, with a view of ensuring macroeconomic stability, uninterrupted work of sectors of industry and branches of the national economy, stimulation of international economic activities, effective social support of the population during the period of counteracting the spread of coronavirus infection and other global risks, preventing a drastic reduction in the income of the population, decrees to set up Anti-Crisis Fund under the Ministry of Finance of the Republic of Uzbekistan without forming a legal entity with authorized capital of 10 trillion soums. Finances of Anti-Crisis Fund shall be used for the following purposes: (a) financing activities to combat the proliferation of coronavirus infection, including provision of medical and other institutions with medicines and medical devices, protective drugs and test systems necessary to combat the spread of coronavirus infection; covering the costs of keeping in quarantine persons at risk or in contact with infected persons; allocation of additional funds for material incentives for medical staff involved in the fight against the spread of coronavirus infection, costs of the sanitary and epidemiological service for implementation of protective measures; and construction, repair, reconstruction and equipping of medical and other institutions involved in activities of identification, prevention and treatment of infectious diseases; (b) supporting entrepreneurship and employment of the population by expanding the provision of support by the State Fund for development of entrepreneurial activity under the Agency for the Development of Small Business and Entrepreneurship, suretyship and compensation to cover interest expenses on credits issued primarily for production, purchase and sale of socially significant consumer goods; implementation of additional infrastructure projects in the regions aimed at expanding economic activity and employment, as well as the construction of engineering communications, primarily in small industrial areas; (c) expanding social support for the population, including the allocation of additional funds; strengthening measures to support low-income families and increase the number of recipients of benefits, including through the Federation Council of Trade Unions of Uzbekistan; Public Works Fund under the Ministry of Employment and Labor Relations shall be responsible for the expansion of public works; the organization "Ishga Markhamat" and centers for vocational training, as well as support for migrant workers through organization of their professional and language training; d) ensuring the sustainable functioning of sectors of the economy by providing government support measures to strategic enterprises by allocating interest-free budget credits to repay loans, allocated under the state guarantee of the Republic of Uzbekistan, as well as for the implementation of priority financing; partial compensation of expenses of business entities engaged in foreign trade activities; providing additional measures to support industries and sectors of the national economy most affected by the coronavirus infection, as well as commercial banks, in case of worsening the quality of the loan portfolio; replenishment of loss of revenues to the budget of the Republic of Karakalpakstan, local budgets of regions and the city of Tashkent in connection with conceded deferral payment of taxes and reduction of entrepreneurial activity by providing interest-free budget credits for up to three years.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation status
in force
Legislation Amendment
No
Original title
-5969 .
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