Uzbekistan’s public debt is assessed as moderate and manageable by international standards. According to the Ministry of Investment, Industry and Trade (MIIT), as of early October last year the country’s total debt obligations amounted to $75.4 billion. This was reported by Kursiv.uz. reports .
The ministry noted that $37.4 billion of this amount accounts for the government’s external debt. The remaining $38 billion consists of funds raised without a state guarantee, representing the debts of private and state-owned enterprises.
It was emphasized that the public-debt-to-GDP ratio is around 26%, which is well below international risk thresholds for macroeconomic stability.
According to MIIT, in 2017–2025 more than 1,500 km of highways were reconstructed using public debt funds, 470 km of railways were electrified, and drinking water supply infrastructure was upgraded. Boeing 787-8 aircraft, Talgo trains, electric locomotives, metro cars and other equipment were also purchased.
It was noted that over the past eight years water canals have been modernized and modern greenhouses and agro-enterprises have been established. As a result, more than 2 million jobs were created, exports increased by 270%, and GDP per capita rose by 418%.
According to the ministry, going forward the resource mobilization process will be carried out alongside stronger parliamentary oversight, ensured transparency, and regular publication of updates on project status.
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