The Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan held a plenary session today to discuss a significant new bill aimed at deepening economic reforms and supporting entrepreneurial activity. Experts have reportedly given the draft a positive assessment.

Deputies reviewed the bill in its second reading and proposed a number of amendments. Key issues raised included reducing the tax burden and simplifying business registration procedures.

The bill's authors claim that these measures will promote the development of small and medium-sized enterprises, create new jobs, and increase household incomes. The government has expressed its support for the initiative.

However, some deputies noted that certain provisions of the bill are insufficiently developed and require further analysis. The potential impact on the state budget and social sector was also debated.

At the conclusion of the session, the bill was put to a vote and adopted in its first reading. It will now be forwarded to the Senate. Observers believe that if enacted, the law could have a significant impact on the country's economy.

Source: uznews.uz