The state budget and the budgets of state targeted funds have been formed with a deficit of 2% of GDP. The revenues of the State Budget amount to 308.5 trillion soms, while expenditures reach 344.8 trillion soms, taking into account transfers to state targeted funds.
Forecasts for 2025 indicate that the revenues of the Republic of Karakalpakstan's budget and local budgets will total 65.8 trillion soms, with expenditures amounting to 84.3 trillion soms. Additionally, an interbudget transfer of 18.5 trillion soms is planned.
Maintaining the social focus of the budget implies that 52% of the total funds in the State Budget will be allocated to education, healthcare, social protection, development of science, culture, sports, and providing housing for low-income citizens.
To enhance the revenues of local budgets, taxes such as turnover tax, land tax, and property tax for legal entities have been established, along with 50% of the collections from personal income tax and proceeds from the privatization of state property.
Local Kengashes have been granted the authority to apply coefficients to certain types of taxes.
Overall, the State Budget for 2025 will be aimed at economic development, addressing social issues, and improving the welfare of the population.